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Hoots : Borrow from American 401k from Canada If I have a 401k with (for the sake of argument) 0,000 in the US, and I want to borrow the maximum (,000) for a mortgage on a house in Canada, is this possible? If so, what are - freshhoot.com

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Borrow from American 401k from Canada
If I have a 401k with (for the sake of argument) 0,000 in the US, and I want to borrow the maximum (,000) for a mortgage on a house in Canada, is this possible?

If so, what are some of the problems I should consider?

Edit: I mistakenly wrote "withdraw" instead of "borrow"


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Can't comment yet, but typically 401(k) loans are paid back through payroll deductions. If you no longer work for the company than you have no payroll to deduct from. The loan provisions are stipulated in the adoption agreement for your plan.


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