- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Borrowing money from 401k...how does this work usually?
Posted on 2/23/16 at 5:31 pm to elposter
Posted on 2/23/16 at 5:31 pm to elposter
quote:
-Related to the default, check your plan to see what happens if you lose/leave your job. Will the loan become payable in full immediately or will you still be able to pay it back according to the original installment terms? Having to pay it back immediately upon change of employment (or else it will be considered a default and early distribution) could be bad.
it almost always is. This can be a killer, as it suddenly becomes a very expensive loan.
0
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News