Life / Tags / Loan

+1
Under Rated

More people tapping 401(k) for cash

LIFE / NEWS Wed Feb 20, 2008 @ 8:17am neoform
MSNBC -- Consumers who tap their retirement accounts can take a loan from their 401(k) accounts worth up to $50,000, or 50 percent of the amount invested, whichever is less. There are no tax consequences for a loan in good standing. But if a borrower defaults, the.. Read More
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