Replying to Avatar Michael R. Sullivan

I am thoroughly pissed off right now.

I was just told by my 401k provider that my work's plan is so restrictive that I'm not allowed to take out MY MONEY for any reason that isn't a hardship withdrawal (medical bills, serious financial issues) or quitting my job.

Is it really MY fucking money then if I can't do what I want with it?
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ToBeWhereTheresLife 2y ago

Typical of 401k plans: no in-service non-hardship withdrawals.

What about taking a 401k loan? (which is not really a loan but a repayable withdrawal.)

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Michael R. Sullivan 2y ago

Nope. They don't even allow that, this was one of my first thoughts as well. The guy said it was one of the most restrictive plans that he'd ever seen.