Liquidation of 401k
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QuestionCountry: United States of America
The company I worked for had a company funded retirement plan (besides a 401k). They are going through Chapter 11 (report) and have stated the retirement funds are secure. Can these funds be liquidated for anything other than pensions?
AnswerNormally no but should also consult your nearest Department of Labor office to briefly discuss the issue with them.
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