What’s a 401(k) loan? exactly How will they be reimbursed?

What’s a 401(k) loan? exactly How will they be reimbursed?

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do you know the drawbacks for this sort of loan or perhaps the repercussions for lacking re re payments? These details sheet responses these questions and offers information that is general the main points and mechanics of 401(k) loans.

What exactly is a k that is 401( loan?

A 401(k) loan is a pastime bearing loan for a participant’s current 401(k) stability.