Related Questions (Ask a New Question)

What are some of the reasons why a loan against your 401k would be denied ?

I'm 100% vested , with the same company for 12 years, good credit, never borrowed before. i do have 20k in debts though.

See Answers

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 hardship even though the loan amount is less than the amount of the overall balance that is in my 401k. is that legal?

See Answers

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+ 401k balance as a hardship loan that we want to pay back. we do not want to just make a withdrawal. this is a medical emergency. any assistance you can offer would be greatly appreciated. thank you. cheryl

See Answers