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Question

Asked 11/10/2008

Borrowing 401k

My husbands company says he can't not borrow any of his 401 k, is this true?

 
 
 
 
 
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Answer 1/1 - Submitted 11/12/2008

Check with the brokerage that is responsible and holds the 401k. With most plans you can take up to 2 loans. For dire circumtances you could take up to 50%.

Good luck!

 
 
 
 
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