How long does it take to withdrawal money from my 401k? It is for a hardship?

I need a hardship loan and my 401k is my only choice. How long would it take to get the money?

It depends. As little at two days and as many as 6 weeks.

This can be best answered by your plan administrator. Contact them right away with this question.

However, once they do whatever paperwork they must to comply with the law, they will mail a check. You could ask if they will wire transfer if you need it faster, but generally they won't because the check endorsement will probably have some warning language on it as well.

I think 5 business days would be very optimistic; I would plan on at least 10 business days.

Consult your plan administrator. Some plans allow such withdrawals and some do not.

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