What happens if you borrow from a 401(k) plan?

Answer The Internal Revenue Service permits people to borrow money from their 401(k) plan before they reach retirement age. These loans are not distributions and must be repaid.SizeAs of 2010, you can bor... Read More »

Top Q&A For: What happens if you borrow from a 401(k) plan

Should I borrow money from my 401k?

On One Hand: Don't Tap Your Nest EggYour 401k plan represents your retirement savings. If you take a loan, you hamper your ability to continue to contribute money to your 401k plan. If you fail to ... Read More »

Can you borrow money from a 401k to buy a house?

On One Hand: IRS Permits LoansThe Internal Revenue Service permits 401k plan loans of up to $50,000 or half the value of your 401k plan, whichever is smaller. The money must be repaid with interest... Read More »

Should I Borrow From My 401K Account?

The McAfee Security Center program on your Windows-based PC acts as the main menu for managing your AntiVirus and Internet Security programs, as well as any other type of McAfee software installed ... Read More »

Can I borrow money from a 401k without telling my spouse?

On One Hand: 401k Plans Are for IndividualsA 401k plan is titled in the name of one investor only. As such, only the named investor has the right to take loans or withdrawals or otherwise direct th... Read More »