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    tebr7022's Avatar
    tebr7022 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 28, 2013, 10:30 AM
    Money out of 401(k)
    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's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    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.
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