Thanks for your question. Typically, pensions do not allow loans. However, if you have a 401(K) then you should either review your Summary Plan Description (SPD) or speak with your Human Resources Director, because some 401(K)
Assuming your 401(k) plan even allows loans the minimum is usually $1,000 and the maximum is the lessor of 50% of your vested account balance and $50,000.
Understand that this is not really a loan. You would only be
Weatherly's contact with the founders of BrightScope over the last 5 years has been nothing but ethical and dynamic. Their logical and linear way of bringing solutions to the marketplace is a breath of fresh air.
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice.
BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.