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I would like to take money out of my 401k plan to pay off credit card debt. I owe 55k to credit cards and have 75k in 401k. I would like to start over because I can't keep up with the bills. I work for a large oil company and they tell me I cannot make withdrawals even for hardship situations. I would have to leave the company to be able to empliment my plan. I thought it would be against the law for my employer to do this. Does anyone have a suggestion or tell me if they know if it is in fact illegal for my company to deny me early withdrawal.
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