Answers from Top Financial Advisors

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) ...(more)
5 hours ago
Amy, 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 ...(more)
7 hours ago
Peter C. Karp Level 20
Cedric Withdrawing funds from your 401(k) depends on your particular circumstances. If you are still employed at the company you may be able to take a loan or hardship withdrawal if your plan allows for either of the those. ...(more)
14 hours ago
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