Timeline for Schwab 401k 'hacked'; somehow they added/linked an unknown bank account and transfered out ~10% of my balance!! How
Current License: CC BY-SA 4.0
6 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| May 31, 2019 at 15:47 | comment | added | Putvi | @NateEldredge yes I agree that there is not a specific ruling or law. Most banking regulations outside of fraud and other major crimes are handled by rules that the banks or banking groups set up. I meant per Schwab's policies they would refund it. | |
| May 31, 2019 at 2:54 | comment | added | Nate Eldredge | That would also be my guess, and I looked for official sources to back it up (statute, regulation, case law, official rulings) but I couldn't find any. Do you know of any? | |
| May 30, 2019 at 17:17 | comment | added | Putvi | @NateEldredge you aren't responsible for the tax when someone steals your money. | |
| May 30, 2019 at 7:40 | review | Low quality posts | |||
| May 30, 2019 at 13:19 | |||||
| May 30, 2019 at 2:51 | comment | added | Nate Eldredge | Note that the penalty for early withdrawal from a 401k is really a tax; it is imposed by the IRS and not by the brokerage. See irs.gov/newsroom/early-withdrawals-from-retirement-plans. So this might be something to take up with the IRS rather than the brokerage, though I suppose it's possible that the brokerage would reimburse you for the tax you owe, if any. | |
| May 29, 2019 at 21:43 | history | answered | Putvi | CC BY-SA 4.0 |