Heather C

I have taken the breaker box front panel off, and tightened all the wires... but the problem still exists.

I began my 401k plan in 2001 and left my job in August 2005 upon graduation from college and the start of my new career. I have since began employment with another employer where I cannot enroll in a 401k plan until I have been there a year (August 2006).

When I originally began my 401k I was only having 4% of my meager payday allocated, therefore I don't have a great deal invested (just under $4K). And upon termination of employment I left my contributions as they were.

I plan to begin a new 401k plan in August where I will allocate at least 10% to my new 401k.

I've just gotten married and bought a house. The $4K from my previous 401k would come in quite handy for some home improvement projects we were wanting to begin.

Would it be possible for my to withdraw this money without penalty? How would I go about doing so? How much would need to be taxed? And how would this affect my income taxes?

Thank you! :)