Mar
10

401(k) Loans – The Great Gotcha

By Finance Gourmet

Over on the Finance Gourmet information site, there is an article on the downside that most people forget when they take out a [tag]401(k) loan[/tag]. Most plans require you to repay the full amount within 90 days if you leave the company. If not, it is an early withdrawal for people under 59 1/2 — OUCH!

Related posts:

  1. 401(k) Plan Blackout Period
  2. New 401(k) Primer Up
  3. Welcome to Finance Gourmet

Categories : Retirement

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