401k disbursement

[ladeeturtl]

texas - company notified us they will no longer match 401 k contributions. several employees 100%vested. 401k has poor performance history. how can we get our money without quitting or dying?

 

[abezon]

Roll it into a traditional IRA. Do NOT take a cash withdrawal -- the company will withhold 20% for taxes & you'll pay penalties & interest. With a direct rollover, you avoid all these problems. A financial advisor can help you choose an IRA & do the rollover paperwork.

 

[ladeeturtl]

have been told that i cannot even roll over to IRA until i quit or die.