9 months ago
401k loan vs hardship withdrawal - which is less bad for emergency?
97
Need $30k for emergency home repairs (foundation damage, can't wait). Have $200k in 401k. Should I take loan or hardship withdrawal? What are taxes and penalties for each?
EM
Share your answer
Have an answer?
Join the community to share your knowledge and help others.
Ask and answer anonymously
Follow topics you care about
No spam, no sales calls
0 Answers
No answers yet
This question is waiting for someone with the right expertise. You could be the first to help.
More questions
How much should I have saved for retirement by age 40, 50, 60?49 ansSocial Security at 62 vs 67 vs 70 - the real break-even math49 ansPension lump sum vs monthly annuity - how do I decide?46 ansHow much should I have in 401k at age 40 to retire at 65?45 ansWhat happens to my 401k if my company goes bankrupt?43 ans
