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    401K Loan Access

    Hi all,

    My wife and I had our meeting with the Trustee back in early January. Then in early April our debts were discharged without a hitch. However, I really, really need to access my 401K for a loan of several thousand (property taxes, homeonwers ins., new furnace/ac, etc.). These are things we absolutely have to pay and/or need. Do you foresee any problem with accessing my 401 K within two or three months of discharge? We really need the money......

    Thanks so much for any advice you can offer,

    GST

    #2
    Once you're discharged, you can do anything you please. It's your money. Though, this would not be my first choice to raise funds.

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      #3
      Thanks, keepmine.

      Unfortunately, it is my only choice. I wish there were another way.......

      GST

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