It is important to remember that a 401k is not an investment. It is an account that contains a particular investment.
So, the answer to this question depends on the investment within the 401k.
There are a couple of popular investment types that claim "insured" status.
First, stable value funds generally promote themselves as fund types that do not lose value. Money market funds, although not explicitly insured, generally are regarded as safe as cash.
None of the investments in 401k are FDIC insured
If you withdraw from your 401k it might come with a penalty. It might be wise to leave your money in and ride the wave back up when the market rebounds. So is there any way to not be penalized to withdraw from 401k with out a medical reason?
Try this website:http://www.fundadvice.com/401k-help/401k-plans/401k-safeway.html
The 401k is not taxed but the Roth 401k will be best in the long run as the money you get out wont be taxed then.
Contracom
None of the investments in 401k are FDIC insured
If you withdraw from your 401k it might come with a penalty. It might be wise to leave your money in and ride the wave back up when the market rebounds. So is there any way to not be penalized to withdraw from 401k with out a medical reason?
Try this website:http://www.fundadvice.com/401k-help/401k-plans/401k-safeway.html
The 401k is not taxed but the Roth 401k will be best in the long run as the money you get out wont be taxed then.
Contracom
You can rollover your 401k by applying for or opening a new 401k through your new employer. You don't have to do it though. Withdrawing from your 401k will result in penalties.
A 401k and a IRA are different. A 401k is a employer sponsored plan while a IRA is not.
Yes, You can lose Money in a 401k
The difference in a Roth 401K and a regular 401K retirement is perhaps the benefits that they bring out. They might also have different rates and requirements.
You can make a withdrawals with your 401K however you will have to be aware of the fees that are charged from the 401K.
i lost track of my 401k in 1997 and dont know the company that had the 401k plan
You own your 401k so when you leave your employer you still own your 401k. You can either leave it where it is or you can move it to which ever company manages the 401k investments for your new employer. how do i git access to my 401k from this company so i can transfer or cash it in.