close
    want to take out a loan on my 401k plan

    0  Views: 395 Answers: 2 Posted: 13 years ago

    2 Answers

    Talk to your bank or holder of the plan as they have your money and can tell you how and for what purpose you can borrow from it.

    Yes, like sawali recommended, talk to your financial planner or broker before you take so much as a penny.  The early withdrawal penalties can be astronomical.  There are a couple of reasons you can draw from them without penalty....but be advised, the IRS is breathing right down your neck if you tap those funds.  



    Top contributors in Personal Finance category

     
    Colleen
    Answers: 222 / Questions: 1
    Karma: 3960
     
    ROMOS
    Answers: 71 / Questions: 0
    Karma: 3840
     
    Benthere
    Answers: 3 / Questions: 0
    Karma: 3345
     
    country bumpkin
    Answers: 43 / Questions: 0
    Karma: 3030
    > Top contributors chart

    Unanswered Questions

    br15wincomcom
    Answers: 0 Views: 6 Rating: 0
    Nhà Cái Ga88
    Answers: 0 Views: 5 Rating: 0
    ok365sbond
    Answers: 0 Views: 6 Rating: 0
    ok365sbond
    Answers: 0 Views: 5 Rating: 0
    wwwv9betbuild
    Answers: 0 Views: 10 Rating: 0
    Tiger Exchange ID
    Answers: 0 Views: 8 Rating: 0
    Tiger Exchange ID
    Answers: 0 Views: 8 Rating: 0
    ev88reisen
    Answers: 0 Views: 7 Rating: 0
    > More questions...
    486495
    questions
    724425
    answers
    817452
    users