I have ~$35k in a state pension system that I am going to roll into a 401k in the next week or so (I have left state service, will not be returning, and don't qualify for a pension).
I have an opportunity to get into another investment opportunity that will require as much of this $35k as possible (real estate related).
My current plan is to take the largest loan possible (likely 50%) then taking an early-withdrawal of the remaining balance. Is this possible and is this legal? How low can I run the account down to with an open loan?