Welcome! | Ask A Question
Asked 11/20/2008
|
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 |
Type your Answer in the box below and post your answer.
Related Questions (Ask a New Question)
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...
For instance my 401k states that i can take out a 401k hardship withdrawal for death, education and medical expenses. i need my money so it states that only an invoice needs to be sent to take out for a funeral expense. this is easy to make up, can they do anything if they found out i lie. do they research...
I am in need of some cash. i cannot do a hardship withdrawl as i do not meet the requirments. i already have a small loan out on it (that i have enough in the account to cover) so i cannot take a loan. my company is telling me that due to fedral laws, i cannot close my 401k account and take out all...
|
Hardship loan for medical bill I have an outstanding loan on a medical bill that i wanted to take a hardship loan out through... |
|
Is it a crime to lie in taking out 401k hardship withdrawal For instance my 401k states that i can take out a 401k hardship withdrawal for death, education... |
|
I am in need of some cash. i cannot do a hardship withdrawl as i do not meet the requirments.... |
|
I am currently employed and have a sizeable 401k. i was interested in withdrawing the entire... |
|
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... |
|
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... |
Ask A Question
Ask a new question about
401k:
About
| Contact Us
| Membership Agreement
| Privacy Policy
| Site Map
| Advertise on this Site
Copyright © 401kQuestions.net 2012. All rights reserved.