Ejay2018

Finally received a detailed explanation from Vanguard. There is a portion of my balance (Company stock$10k)that can not be withdrawn for loan purposes. Therein lies the difference in amount available. Thanks for all the repsonse that allowed me to pose the right question to Vanguard!! Now my next questions is can you do a Hardahip withdrawal immediately after Loan has been processed.?

Thanks , that clears that question up. Now I await the calculations as each individual I spoke with over the phone consistently references the highest balance in rolling 12 month scenario.

While I await Vanguards calculation explanation, secondary question would be "If the available is in fact $4338, why isn't the greater of $10,000 or 50% of vested balance applied?

Using calculation from previous post I get $9,839. Can someone show their caculation so I can compare to what vanguards method is? thanks

Spoke with someone and they stated the outstanding loan balances in a rolling 12 month period is used in determining future loan amounts.

Statement breaks loan and balance into separate categories, then provides a total. and yes 100% vested. no information on how they derived at that number, or what formula is being used.

Having trouble understanding and need help. Vanguard states I have highest outstanding balance of $12,714 in past 12 months (6214.70 outstanding loans in period ending 12/16 + current loan $6500 taken 8/7/2017) and my max for 3rd loan is $4,338 The $6,214 represents 3 previous loans of which 2 were paid off 7/20/17 and 11/24/17 current loans balances are $1,259 and $5,302 Vested Amount = $26,238 outstanding loan balance = $6,561 If the 50% vested is applied wouldn't it be : 26,238 +6,561= $32,799 32,399x.50= 16,399 $16,399 - 6,561 = 9,838 thanks