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401K Loan and Hardship Withdrawal Rules

The primary benefit of acquiring a 401k loan from your retirement plan is that the proceeds of this loan are exempted from taxes and without penalty.

http://www.erollover.com/blog/401k-withdrawal-rules-har
dship
first added by advisors, last updated 1 years 10 months ago
 
by 3 users

401k Loan Basics, Advantages, and Disadvantages

Ideally, you will never touch your 401k retirement funds In case of emergency, the funds in your 401k may be available in the form of a Loan.

http://www.erollover.com/education/retirement-accounts-
section/401k/215-401k-loan-basics
first added by mikerowan, last updated 2 years 9 months ago