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.
Licensed electricians can charge anywhere from $50-$100 an hour depending on experience level and complexity of the job. This does not include additional costs for parts or minimum trip fees. An apprentice electrician could charge less than this for simple jobs. Get detailed bids on the price of parts and labor for each project in your home.