Mar
10

401(k) Loans – The Great Gotcha

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!

Onlinerel Facebook Twitter Myspace Friendfeed Technorati del.icio.us Digg Google Yahoo Buzz StumbleUpon

Related posts:

  1. Great Minds Think Along the Same Lines

Leave a Comment

Financial Information Website Home

Lighter Money Advice and Fun