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Financial Planning / Foolish 401(k)s


Subject:  Re: Contemplating a move... Date:  7/2/2012  12:36 PM
Author:  CABob Number:  24904 of 26142

Are you sure that the the 401k plan is actually a different one than that at your current employer?
Were you planning on a rollover to the new company's 401k plan or to an IRA? If to an IRA you can definitely not take out a loan against it. If to a new 401k plan it will depend on the provisions of the plan and you would need to check with the employer or whoever administers the plan.

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