A coworker wanted to pull some 401k funds but was told he could only pull 3000.00 from his account? He needs money badly and wanted to take a loan. He was told they no longer offer 401k loans? ITS HIS MONEY and he cannot access it! WTF, is going on. We have spent our entire careers funding the 401k's and now the ass clowns at Fidelity are preventing worker's from access. This is bullshit. All of these "Benefits " are part of our benefits package. How is this leagal.
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I took out a loan a couple months back, was allowed to take out up to 50%. This was with Fidelity.
Me too! I used it to stock up on stuff and prepare for my family. Might as well since it will go POOF before we know it.