There's a laundry LIST of REASONS why not to borrow from your 401(k). While the money is on loan, it's not WORKING for you - and if you leave your job, you'll have to pay it BACK in 60 days or treat it as a taxable withdrawal.

Author - Jean Chatzky


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Posted on 30 Nov 2024, this text provides information on Legal related to Jean Chatzky. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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