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Brown Cafe UPS Forum
UPS Retirement Topics
Has Anyone Successfully Taken Out A 401K Hardship Loan?
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<blockquote data-quote="YouOver" data-source="post: 1973021" data-attributes="member: 61380"><p>Trust me on this one-- there are 7 reasons to take out a loan from your 401k- ranging from education to purchasing a home- NOT hardship- that's different. But as far as the loans go- for whatever reason you use- they don't check your documentation. You can make 2 loans a year up to half of your current balance. To pay back it comes out of your check and you choose the terms..3 or 4 years to pay back.</p></blockquote><p></p>
[QUOTE="YouOver, post: 1973021, member: 61380"] Trust me on this one-- there are 7 reasons to take out a loan from your 401k- ranging from education to purchasing a home- NOT hardship- that's different. But as far as the loans go- for whatever reason you use- they don't check your documentation. You can make 2 loans a year up to half of your current balance. To pay back it comes out of your check and you choose the terms..3 or 4 years to pay back. [/QUOTE]
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Has Anyone Successfully Taken Out A 401K Hardship Loan?
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