401(k) Loans - The Great Gotcha

Mar.10, 2008 in Retirement

Over on the Finance Gourmet information site, there is an article on the downside that most people forget when they take out a 401(k) loan. 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!

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401(k) Loans - The Great Gotcha

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