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  • Not vetted for CNN

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    Posted January 9, 2009 by
    TwoRuby |
    Location
    Salisbury, Maryland
    Assignment
    Assignment
    This iReport is part of an assignment:
    Ask CNN's Ali Velshi

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    Ms.

    By TwoRuby  |  Posted January 9, 2009  |  Salisbury, Maryland
     

    My husband was out from his job for a year and a half on disability after two heart surgeries. He tried to take out his 401K to pay off the remaining balance on our mortgage -he was close to 60 yrs old. He was told that because the company had listed him as on Leave of Absence he could not access his money and in the interim we lost $40,000 of the savings. Was this legal on their part? Is there any recourse for us? We have now moved the funds to Treasury bills.

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