Thread: Can I borrow from my 401(k)?
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Old 07-14-2005, 01:13 AM
Jim Kuhn Jim Kuhn is offline
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Join Date: Nov 2002
Location: Midwest, USA
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Default Re: Can I borrow from my 401(k)?
If you lose your job you dont lose your money. You have nn number of days (I think it is 60) to pay back the loan or they treat it as a withdrawal. This would mean you pay interest and a 10% penalty on the amount withdrawn. Please check with your tax advisor or research to ensure this information has not changed.

Thank you,

Jim Kuhn
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