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Asked 9/14/2008

What are my options for early withdrawal due to disibility?

My Doctor has recently put me on long term disabilty. I have a loan through my 401k plan, I would like to pay off the loan and then rollover the balance to an IRA. How do I do this?

 
 
 
 
 
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Answer 1/1 - Submitted 9/16/2008

To pay off the loan contact the 401k plan advisor who set up the plan for your company and they will tell you how to pay off the loan. To rollover the money, do the same thing. They will more than likely send you a rollover form and it is really that simple.

 
 
 
 
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