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    Keithwilliams's Avatar
    Keithwilliams Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Jul 24, 2011, 12:53 PM
    Profit Sharing Trust
    How can I close my profit sharing trust with out leaving my job?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jul 24, 2011, 12:56 PM

    Have you talked to the plan admins? We need to know what type of trust or profit sharing plan it is.
    Keithwilliams's Avatar
    Keithwilliams Posts: 3, Reputation: 1
    New Member
    		  
    #3

    Jul 24, 2011, 01:00 PM
    Yes I have but he said that the only way I could close it was to leave the job
    Keithwilliams's Avatar
    Keithwilliams Posts: 3, Reputation: 1
    New Member
    		  
    #4

    Jul 24, 2011, 01:04 PM
    Profit sharing trust
    Can I borrow from my profit sharing trust
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #5

    Jul 24, 2011, 02:13 PM

    I love it when we ask for information and only get partial info. Its very possible the terms of the plan are that you can only receive it when you leave the job. We can't know because you haven't told us what plan it is. But the admins should know so I would take their word.

    And you need to ask them if you can borrow against it.

    Also, please don't start a new thread over the same issue. Use the answer options to add to this thread.
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