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403b loan

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DM 111 Guest	Posted: Thu Mar 31, 2011 6:11 am    Post subject: 403b loan Like 0 Dislike 0 Can your employer refuse to allow you to borrow from your 403b?
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Thu Mar 31, 2011 7:37 pm    Post subject: Like 0 Dislike 0 Hi DM, As far as I know, in most cases, the employer will not refuse to let you borrow from your 403b account. Thanks
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Fri Apr 01, 2011 11:21 am    Post subject: Like 0 Dislike 0 I would think that there would be strict guidelines concerning your 403(b) account that would clarify this matter. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
jveenstra Community Expert Joined: 10 Nov 2008 Posts: 1310 Location: River Edge, New Jersey 274.62 Dollars($)	Posted: Mon Apr 04, 2011 2:31 pm    Post subject: 403b Like 0 Dislike 0 Most 403b plans do not allow for borrowing. Every plan has its own particular administrative requirements. Most 403b plans are annuities and do not allow for borrowing or withdrawing with penalties until you are not employed there anymore. All plans can be different. That is what I see from most 403b plans. _________________ John Veenstra, Sr Mortgage Consultant Approved Funding Corp Licensed NJ NY CT PA 201-833-0123x278

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