Q: how do i receive my money that my father is withholding and refusing to give back to me?
i took out a loan from my personal 401k to help me get back on my feet, my father held on to the money for safe keeping and is now refusing to give it back to me.
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A:
I'm sorry you're going through this difficult situation. It's important to address the issue calmly and thoughtfully to resolve it effectively.
Start by having a clear and honest conversation with your father about the loan and your need to have the funds returned. Present any documentation or agreements you have regarding the loan from your 401k to support your request. Sometimes misunderstandings can be cleared up through open communication.
If talking doesn't work, consider reviewing the terms of your 401k plan to understand your rights and obligations. You might also reach out to the plan administrator for guidance on how to proceed. If necessary, seeking advice from a legal professional can help you understand the best course of action to reclaim your funds.
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