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    ouiser's Avatar
    ouiser Posts: 1, Reputation: 1
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    #1

    Jan 3, 2012, 02:13 PM
    Transamerica 401k time frame for withdrawal?
    If a subject did a hardship withdrwal a few months back. Can they get a loan on their regular loan once it is paid out?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Jan 3, 2012, 02:57 PM
    Depends on the terms of your employer's plan. Most plans allow you to take a loan on up to 50% of the account balance, but many plans set restrictions such as placing a ceiling on the loan amount. Talk to your HR department or to the 401(k) plan administrator - I'm sure they can answer your question.
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