Ask Experts Questions for FREE Help !
Ask
    ehall12's Avatar
    ehall12 Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Aug 2, 2008, 04:36 PM
    Borrowing off 401k
    How do I go about borrowing off my 401k is that I would go through the employer or is there a number that I can call
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #2

    Aug 2, 2008, 05:02 PM
    You would contact the company or person who is the administer for the plan, this may be your workplace, but is normally some investment company. This info should be provided in your 401K info packet you received or contact info on the statements you receive from them.

    If you can't find it any where else your HR dept where you work should have that info
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Borrowing from 401k? [ 3 Answers ]

Hello! Hoping a pro can help us with this one... we are purchasing a primary residence for 400k. We are trying to figure out if we should put 5% down and take a mortgage for 380k and pay PMI (since we can't put the cash down). The PMI looks to be $250/month. OR Borrow 60k from our 401k...

Borrowing from your 401K [ 2 Answers ]

How do you go about borrowing money from your own 401K. Any caps on how much you can borrow or how you pay it back?

Borrowing against 401K [ 1 Answers ]

My wife and I are in dire need of the money in her 401k. I have been out of work and we are getting close to the point of foreclosure. The problem is we have already borrowed a portion of the money this year and are not to allowed to do so again for another year. Is there another way of getting...

Borrowing from 401k due to job loss [ 6 Answers ]

My husband just lost his job. We are dependent on his income, I work, but only make about 1/3 what he makes. He is 56 and I am 52. We are looking at a distribution from his 401k to pay off credit cards, but that is all we can pay off. We also have a mortgage which we cannot afford on only my...

Borrowing from 401K [ 2 Answers ]

I need to borrow $2000.00 from my 401K. My husband lost his job & my paycheck doesn't cover all the bills & rent. I don't have any other resources from which to borrow money. What are the risks? I have tried to research this on the internet, but I am not financially savvy. I don't understand all ...

View more questions Search