piccarreta
New Member
My husband is employed with UPS. We are financially unable to take out an equity loan or any other bank loan. We realized our 401k plan provides for harship loans and withdrawals. When we received the documentation it stated that not only the withdrawals could be taken for five reasons but also the loans. They do not even contribute to the plan - it is all my husbands hard earned money. Is there a way to fight them on this or get around it some how? It seems completely wrong to prevent us from borrowing against our own money. Thank you in advance for any help you can offer.