Early 401k Withdrawl
Help! I have no idea what I am doing!
Okay guys, like a dummy I withdrew my 401k early. I had only worked at the company for a year and total the money was barely 2k. After being laid off I wanted to sever everything with the company. Now Im somewhere new.
There might be a way for me to cancel? Should I cancel? I'm 22 and know nothing about this or what to do in this situation. I just want money for my deposit without the IRS penalty! I want to put money into a 401k with my new company since their matching is way better anyway.
Edit: thank you to everyone who commented! You have been my financial lifeavers. I made my withdrawl last night around 9pm so it didnt fully process! I called Fidelity and they got things cancelled. It was a good thing too since my employer had the wrong address on my account - my check for sure would have been in limbo.
I'm calling my old employer, getting my adress updated, then I will have the check sent out and deposited in my new jobs 401k. Let me know if this sounds like the move - still very new to this!