What to do closed my 401k account at 51?

Can I get are rep on phone?

posted

Need more info. Did you close your 401K account? You will get a 1099R in January for 2025. It will be taxable and a 10% early withdraw penalty if you are under 5 9 1/2. There are some exceptions to the penalty. Turbo Tax Blog on Early 401K withdrawals and tax consequences
https://turbotax.intuit.com/tax-tips/retirement/an-early-withdrawal-from-your-401k-understanding-the...

You have 60 days with the withdrawal to roll it into a IRA account.