Hi Everyone,
I switched jobs and am in the process of rolling over my 401k plan from my old employer to my current employer's 401k plan. I just wanted to know if I would have to pay a penalty for withdrawing early? Any help with this would be great. Here are some facts with my situation:
- 401k plan from old employer was a traditional 401k plan
- 401k plan with current employer is a Roth 401k plan (switched it from a traditional one)
- I switched jobs almost a year ago and just realized that I had money in my past employer's 401k plan, so I just received the check with my remaining balance
Thank you!
