Your best bet is to contact the HR department at your former company. They should be able to answer your question(s), or refer you to the plan administrator. Good luck!
Brian Pinkston, CFA, CFP®
You will need to contact your HR Dept. to find out if your plan allows for loans and the details will be in your Summary Plan Description document. If a loan is allowed it is usually for a minimum amount of $1,000.
I agree with my colleagues, that you need to make sure you can take a withdrawal or do a rollover. If it a 401(k) with an old company this should not be an issue. However, if it is with a current company you will have to
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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.