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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My stupid 401K is set up that we can't withdraw anything until age 59 1/2. Loans? Yes. But I don't want to pay interest in my own money. I wanted to pull half and pay of the house before SHTF but I can't. I'm stuck for two more years. Hopeful all the money will still be there by then.