How Long Will I Have to Wait for My Loan Proceeds?

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Blog Home - Previous Post \| Next Post How Long Will I Have to Wait for My Loan Proceeds? Posted on Jun 1, 2015 9:24am PDT Q. Ryan J. of Wisconsin asks: "How Long Will I Have to Wait for My Loan Proceeds?" Brett Disdale from Pension Evaluators & QDROS Of Troyan, Inc Associates Group, answers: "Once a loan is approved by your plan administrator, the request to withdraw the funds will be forwarded to the plan's custodian, or the company that holds the plan's funds. Every custodian has its own internal procedures for distribution requests. Typically, plan funds can be released within one to two weeks following receipt of the distribution instructions. Then, a check will be forwarded to you. Brett Disdale Lead Pension Analyst DISCLAIMER: Any legal information on this blog has been prepared by Troyan from informational purposes only and should not be construed as legal advice. The material posted on this website is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Note that sending an e-mail to Troyan does not create an attorney-client relationship, and none will be formed unless there is an agreement between the firm and the individual. Categories: Common Pension Issues in Divorce, Common QDRO Circumstances, Expert Pension Evaluator Permalink

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