Hi, Can someone who has experience in this area tell me how long, by law does it take to receive your 401k distribution check after all the required paperwork has been submitted to your previous employer? I turned paperwork in back in April 07 and still have not received the check. I have followed up with the company that holds the account and was told it was sent to the employer to sign off on. The employer said he is within the normal time frame according to the labor board. is that truly normal time frame? Thanks for your help in advance. It is to be rolled over...

Hi - Receiving a distribution from a relative's estate which was largely in a 401K.....will this distribution be taxed at a fixed rate or do we specify the rate.....or will it be taxed at our taxable income rate from our most recent tax return? We are in CA....will there be both Federal and State tax implications? MANY THANKS! Can't really ask the trustee as they charge (greatly) for their time!

I have a 401K distribution and i want to pay off my car note because my income is fixed and i do not want to default the loan...I have at least 30k in my 401K account and I would like to take 5K from it to pay off my bills since I do not have a job and and monthly payment of 200 bucks is killing me. what should I do?

If I take out 100K from my 401K to use as a down payment for my primary home purchase, how much tax do I have to pay. Some say only 10% because it is a 'hardship' distribution. Its this true? Or is this 100K distribution going to add to my anual gross salary and then the new tax bracket applies to it in addition to the 10%?