Any way of liquidate 401K.

[Sal Zafar]

Hi, is there any way to liquidate all or 90% of my 401K in my 40's (don't mind paying penalty), without leaving my current employer, I am already aware of loan, withdraw, transfer to IRA and hardship which have certain limits and not allow to take out all of my contributions. any assistance greatly appreciated. Thanks in advance.

[George Blower]

@Sal Zafar

One way of determining if your current employer will allow you access your retirement funds while still working for them, is to check the summary plan description (SPD) for the existing plan. The SPD is required to be written in a language or format that is easily understood by participants. Larger plans usually make the SPD available on the company’s benefits website. If the SPD is not available, the plan administrator or human resources department should be contacted for a copy of the most updated version.