{"id":31,"date":"2008-03-10T12:11:00","date_gmt":"2008-03-10T19:11:00","guid":{"rendered":"http:\/\/financegourmet.com\/blog\/retirement\/401k-loans-the-great-gotcha\/"},"modified":"2020-12-03T09:19:16","modified_gmt":"2020-12-03T16:19:16","slug":"401k-loans-the-great-gotcha","status":"publish","type":"post","link":"https:\/\/financegourmet.com\/blog\/retirement\/401k-loans-the-great-gotcha\/","title":{"rendered":"401(k) Loans &#8211; The Great Gotcha"},"content":{"rendered":"<p>Over on the <a title=\"Finance Gourmet\" href=\"http:\/\/financegourmet.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Finance Gourmet<\/a> information site, there is an article on the downside that most people forget when they take out a <a title=\"401k Loan\" href=\"http:\/\/financegourmet.com\/401kloan.htm\" target=\"_blank\" rel=\"noopener noreferrer\">401(k) loan<\/a>.<\/p>\n<p>Most 401k plans require you to repay the full amount of any loan from your 401k within 90 days if you leave the company. If you don&#8217;t pay it back, it counts as an early withdrawal for people under 59 1\/2 &#8212; OUCH!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 401k plans require you to repay the full amount of any loan from your 401k within 90 days if you leave the company. If you don&#8217;t pay it back, it counts as an early withdrawal for people under 59 1\/2 &#8212; OUCH!<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[31,322,665],"class_list":["post-31","post","type-post","status-publish","format-standard","hentry","category-retirement","tag-401k","tag-loan","tag-retirement","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/posts\/31","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/comments?post=31"}],"version-history":[{"count":0,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/posts\/31\/revisions"}],"wp:attachment":[{"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/media?parent=31"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/categories?post=31"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/tags?post=31"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}