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Asked 7/14/2008
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Can I take a loan from my 401K for hardship reasons? If yes, what is the re-payment schedule for a $5000 loan? |
Answer 1/2 - Submitted 7/14/2008
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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.
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.
I have an outstanding loan on a medical bill that i wanted to take a hardship loan out through my 401k. i need to provide documentation to my 401k provider, but will they have to know the details of the medical procedure or is the bill valid prof. i am concerned about my privacy regarding my health...
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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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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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Hardship loan for medical bill I have an outstanding loan on a medical bill that i wanted to take a hardship loan out through... |
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We need a hardship loan from my 401k account for medical expenses What are the options without being penalized? we are wanting to take out $5,000 from a $90,000+... |
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Can i take a hardship against my 401k if i have outstanding loan that is less than my balance? My 401k company is advising that because i have a loan outstanding that i cannot request a... |
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I recently tried to get money out of my 401k for hardship reasons A pipe under the cement in my home , broke and flooded my basement, i tried to get money out... |

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