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401k withdrawals
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<blockquote data-quote="toonertoo" data-source="post: 313454" data-attributes="member: 1944"><p>No unfortunately you can only access it for the amount of foreclosure, not for credit card debt. And only for the amount to prevent it. I unfortunately had to take out some for medical, but glad I had the option. On a withdrawal ( hardship) you have the choice of paying the tax now, I believe it was 10% or paying it next yr. You do not pay back a hardship. To buy a house, college etc, it is taken as a loan. And you pay yourself back. I think the rate is like 9% right now. Private message me if you need any thing further. Good luck, its tough out there.</p></blockquote><p></p>
[QUOTE="toonertoo, post: 313454, member: 1944"] No unfortunately you can only access it for the amount of foreclosure, not for credit card debt. And only for the amount to prevent it. I unfortunately had to take out some for medical, but glad I had the option. On a withdrawal ( hardship) you have the choice of paying the tax now, I believe it was 10% or paying it next yr. You do not pay back a hardship. To buy a house, college etc, it is taken as a loan. And you pay yourself back. I think the rate is like 9% right now. Private message me if you need any thing further. Good luck, its tough out there. [/QUOTE]
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