I recently left my state of birth to accept a job out of state. I own a house in my previous state and I am currently living with a friend where my job is. We are in the process of selling our home and want to be together a bit sooner rather than later. The main reason for this is our 2.5 year old daughter who is starting to miss me pretty badly. I have about 11k in my previous jobs 401k that I have not rolled over to my new job. I read there are numerous penalties for taking the money out directly. What are some of the pitfalls of taking out a loan? Do I have to roll over the funds before I can do this since I do not work at this company anymore? What are my options with this money to use it for rent?
Submitted July 09, 2018 at 12:08PM by Umbrellacorp487 https://ift.tt/2u7nqtf
