Retirement Account Question (fund, investment, stock, sell)

[yodel]

My husband was laid off and had to sell some company stock (about 25K). He put the money from this into a retirement account 2 1/2 weeks ago but that was a big mistake because we really need the funds now. Does anyone know if there is a time period where you can change your mind about money put into a retirement account (without a penalty), or is it gone till retirement?

Thanks in advance for the help.

[chet everett]

You need to explain more details. If the stock was held in a retirement account to begin with it makes a difference as to the tax treatment.

I would talk to a local tax advisory / financial planner pronto...

[yodel]

It was company stock in something called a LTI account (long term investment account). I think it would have been taxed as more than regular pay, but I'm not sure how much. Don't know of anyone who's open to talk to till Monday but wanted to get a heads up.