re: Borrowing money from 401k...how does this work usually?

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So layoffs are hitting our office today. We're hearing as much as 25% of remaining workforce. Haven't been called in, but makes me question my financial footing. Looked into my 401k today. You're saying if you roll your 401k into an IRA, you can touch 10k of it penalty free?

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that sucks. I hope it works out, but sounds like you are prepared. I have heard from multiple people that getting laid off was actually a plus in their life.

Let us know how the do more with less speech goes. its always fun to hear. I have heard it at least 5 times. the last time the team collectively told the boss to shut up, as we had heard it just a few months earlier.