Warning. The amount you receive from closing your 401k is likely not the amount you should be rolling over. When you take a distribution from your 401k plan, the plan has to withhold 20 percent of the distribution for taxes. For example, if you take out $60,000, you're only going to get a check for $48,000.
Arkansas State University offers a four-year electrical apprenticeship program for $260 per year, which covers 2,000 hours of job training. Electrical apprenticeships may last longer than other programs, but students have the ability to earn an income while they work. Licensing for electricians costs $15-$150 per year, with an exam fee of $30-$75.
A basic circuit breaker costs anywhere from $50-$75 and the standard travel fee is around $30 which already puts the cost of the project at roughly $90. The rest of the cost is determined by the qualifications of the Electrician and how much they charge per hour. An apprentice Electrician generally charges around $30/hour while Journeyman Electricians often charge upwards of $45/hour. Any additional wiring that need to be done will all of course be extra so the price could creep up past $200 but on average an Electrician should charge between $125 and $200.