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tebr7022
Jun 28, 2013, 10:30 AM
My name is Terry Bradley and already have a loan from my 401k plain is there any kind of way I can get money off the amount that I have accumclate from my 401k

ScottGem
Jun 28, 2013, 12:23 PM
First, its not a good idea to piggyback your question on another thread. To avoid confusion I've moved your post to its own thread.

I'm not clear on your question. Are you asking if you can get another loan or withdraw some of the remaining balance or what?

Some plans permit multiple loans. You will have to ask your plan admin about that.

But the cost of withdrawing is prohibitive.

Fr_Chuck
Jun 29, 2013, 02:59 AM
Is this a 401K from a plan with the company you are still working for ? Or a past employer ?

How much money is left ? How old is the loan.