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Question

Asked 7/14/2008

Can I take a loan from my 401K for hardship reasons?

If yes, what is the re-payment schedule for a $5000 loan?

 
 
 
 
 
Answers

Answer 1/2 - Submitted 7/14/2008

You should be able too take it out for hardship reasons.

I would contact your 401k company and ask them, as they would know how the repayment would work.

 
 

Answer 2/2 - Submitted 7/14/2008

You should be able to take it out for medical issues

 
 
 
 
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