Sentences with phrase «401k loan source»
In a way, the Roths may be the 401K loan source of the 21st Century.
http://www.thedigeratilife.com/ Not exact matches
Although you'll miss out on the return your money could be earning while in the account, a loan from your 401k can make sense if you want to buy a house or find yourself in financial difficulty without other sources of funds.
Borrow 25k from your 401K to pay off high interest credit card debt, but before repaying you lose you job, you now have 60 days (normally) to repay the loan but of course you can not repay it — you borrowed it because you had no other source of funds.