You usually can’t cash out while still employed with the company sponsoring the 401k plan. Conversely, you can usually only take a loan withdrawal if you’re sti

You usually can’t cash out while still employed with the company sponsoring the 401k plan. Conversely, you can usually only take a loan withdrawal if you’re still employed with said company. Definitely 401ks are obscure and confusing and full of deception. I think John Oliver did a segment on them. Your experience is not atypical.