You may elect to receive a portion of your account balance paid to you in a cash payment, less tax withholding as required by law. The remainder of your balance stays in your account tax-deferred, and you continue to control your investment choices.
Things to Consider
The IRS requires that 20% is withheld for federal income taxes on any taxable portion of your payment. You may have to pay additional taxes at tax filing time if the 20% is not enough, in addition to any applicable state or local taxes.
To select the amount, source or investment for a partial withdrawal, call the Service Center at Fidelity at 1.877.ROK.401K (1.877.765.4015).