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Asked 10/17/2008
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What are the allowable reasons to obtain a loan from my 401k? I want to obtain a loan against my 401k but need to know if I have to have a specific reason for the loan. For example, do I need to have a hardship or can I use it to build a pool? Also, how long does it take from the time the loan is requested to when one actually gets a check. |
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I want to obtain a loan against my 401k but need to know if i have to have a specific reason for the loan. for example, do i need to have a hardship or can i use it to build a pool? also, how long does it take from the time the loan is requested to when one actually gets a check.
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What are the allowable reasons to obtain a loan from my 401k? I want to obtain a loan against my 401k but need to know if i have to have a specific reason... |
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My position was abolished. i have a loan balance of approx $10,000.00. i wanted to rollover... |
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