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How long does it take to get a check borrowed from merrill lynch 401k?
Wiki User
∙ 10y ago
I submitted for my loan on Wednesday evening and it's now Sunday evening and I still don't have my money (and I need to pay my morgage back payments by tomorrow in order to keep my home) so I can tell you that it could take as long as 5 days and maybe longer. A coworker tells me that he got his money in 3 days but tht was a few years ago. From what I understand, it all depends on when they receive the money from selling fund(s) or something like that. It'd suggest calling ML before you request the loan and ask if they can give you a specific time - but I wouldn't count on getting a very good answer. Sorry I couldn't be of more help.
Wiki User
∙ 10y ago
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What does Merrill Lynch 401k contain?
Merrill Lynch 401k is an investment and savings plan with a profit and sharing contribution, a 401k feature and an ESOP component. Check out their website for further details.
How can you get a self employed 401k?
First to qualify you must be a small business owner, a small business co-owner or spouse or either one. Decide what company to obtain your 401k plan from: Fidelity, Merill Lynch, Vanguard etc.Decide how much you wish to contribute to your 401k account.Speak with financial advisory if neccisary.
How can you check your 401k plan?
You should get periodic statements or you can check with your employer for contact info.
How do you rollover your 401k?
A 401K rollover is a fairly simple procedure. You will check with your former employer about the available options. Someone in HR can help you or refer you to the fund manager. There is some paperwork in which you will indicate to where the funds are to be rolled over. Check out this article for details: http://genxfinance.com/how-to-roll-over-your-401k-when-you-leave-or-lose-your-job-the-401k-rollover/
How do I request 401k information?
According to the United States Department of Labor, there are many things that you may need to check about your 401k from your employer. To get a hold of your personal 401k, you will need to get a hold of your 401k plan administrator or go to your human resource office to get more information on your personal 401k, such as several options you can do to contribute to it.
What does Merrill Lynch 401k contain?
Merrill Lynch 401k is an investment and savings plan with a profit and sharing contribution, a 401k feature and an ESOP component. Check out their website for further details.
What are the employee benefits provided by Merrill Corporation?
Employees of Merrill Corporation have an economical set of benefits like medical care, life insurance and 401K plan managed by Fidelity Investment. Merrill Corporation is a known leading supplier of technology enabled data.
How can you check to see if you had a 401K at the plant?
check wif ur work
What are some benefits of a 401K retirement plan?
Most employers offer 401k plans where they will match a certain percentage of what you put aside. It is free for you to invest in your retirement. Every employer is different on their policies. You have to become familiar with your company's policy. As all policies it can be borrowed from, but I do not recommended.
How can you get a self employed 401k?
First to qualify you must be a small business owner, a small business co-owner or spouse or either one. Decide what company to obtain your 401k plan from: Fidelity, Merill Lynch, Vanguard etc.Decide how much you wish to contribute to your 401k account.Speak with financial advisory if neccisary.
How can you check your 401k plan?
You should get periodic statements or you can check with your employer for contact info.
If you were told by your attorney that your 401k was protected and exempt from bankruptcy and you borrowed on it to try and save your home now you are faced with paying taxes on it. can we sue?
Precious...you saw my last answer I should think....better read it again.What he told you is correct...and your 401k is still there and safe from BK.....if he told you it was OK to borrow against it and that the borrowed money would be safe from BK just like the 401k is ...that would be wrong and you may want to take action against him.....If you thought touching the 401k (as in borrowing against it) was the same as keeping it protected and safe...it's just your fault for not understanding what your doing.
what do I do if I believe my 401k was stolen?
Check with the company you got it through
Can you set up a 401k online with ING?
Yes, you can set up a 401K online with ING. Check out sharebuilder401k.com for more information about this.
How do you rollover your 401k?
A 401K rollover is a fairly simple procedure. You will check with your former employer about the available options. Someone in HR can help you or refer you to the fund manager. There is some paperwork in which you will indicate to where the funds are to be rolled over. Check out this article for details: http://genxfinance.com/how-to-roll-over-your-401k-when-you-leave-or-lose-your-job-the-401k-rollover/
How do I request 401k information?
According to the United States Department of Labor, there are many things that you may need to check about your 401k from your employer. To get a hold of your personal 401k, you will need to get a hold of your 401k plan administrator or go to your human resource office to get more information on your personal 401k, such as several options you can do to contribute to it.
Does an employer offer a roth IRA?
Employers do not offer any type of IRA, they offer 401k plans. Many employers offer both traditional 401k plans and Roth 401k plans. You will need to check with your employer to see if they offer a Roth 401k option.
