What is the name of your state (only U.S. law)? Georgia
I am having a serious home repair issue, but cannot withdraw from my 401k for plumbing repair.
What I would like to know is can I take out a loan from my 401k (yes I am eligible for a loan- no previous loans or hardships ever taken) and also take out a hardship withdrawal a week later with an eligible hardship request.
I realize taking funds from my 401k is not a good idea but I really have to. My husband is disabled and we are on limited funds at this time.
Thank You
I am having a serious home repair issue, but cannot withdraw from my 401k for plumbing repair.
What I would like to know is can I take out a loan from my 401k (yes I am eligible for a loan- no previous loans or hardships ever taken) and also take out a hardship withdrawal a week later with an eligible hardship request.
I realize taking funds from my 401k is not a good idea but I really have to. My husband is disabled and we are on limited funds at this time.
Thank You