Question

 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 »
http://www.answerbag.com/q_view/1986541

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 »
http://www.answerbag.com/q_view/1998104

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 »
http://www.ehow.com/decision_7229871_should-borrow-401k-account_.html

Is it smart to borrow money against a 401k?

On One Hand: Decreased Retirement SavingsWhen you borrow from your 401k, you reduce your potential retirement savings since you can no longer earn interest on the borrowed money. You lose the tax b... Read More »
http://www.answerbag.com/q_view/1992797

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 »
http://www.answerbag.com/q_view/1985710


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