Hey so umm, hi i got a question below,

So I just got a 401k notice from an old employer of mine, is it junk mail or could I still borrow money from them? Lol

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pknein · 46-50, M

it depends on what the notice said lol you may still have money in their 401k for instance

Piffypie · 26-30, F

@pknein if I do, can I borrow it or whatever

pknein · 46-50, M

@Piffypie if its money in your account, its your money so you wouldnt be 'borrowing' it - you can take it out but will have to pay the taxes on it

NotJamieM · 46-50, M

If you dont work there anymore, and there is money in it, you should be able to get it out.

Montanaman · M

Definitely not junk. Roll it over into new account or IRA.

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