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Asked 12/13/2010

Can i draw my 401k out

I got hurt on my job and now i,m not drawing any money from workers comp for the last 3 months and i,m still off work and i need my 401k money bad to pay bills, what can i do

 
 
 
 
 
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Answer 1/1 - Submitted 12/13/2010

You'll have to contact your administrator of the plan, but usually there is a hardship withdrawal option that can be used if you are having difficulties paying your mortgage - there are charges associated with this though.

 
 
 
 
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