return2ozma@lemmy.world to News@lemmy.world · 1 day agoRetirees 'stunned' as market turmoil over tariffs shrinks their 401(k)swww.nbcnews.comexternal-linkmessage-square117fedilinkarrow-up1560arrow-down14
arrow-up1556arrow-down1external-linkRetirees 'stunned' as market turmoil over tariffs shrinks their 401(k)swww.nbcnews.comreturn2ozma@lemmy.world to News@lemmy.world · 1 day agomessage-square117fedilink
minus-squarePillBugTheGreat@lemmy.worldlinkfedilinkarrow-up2·edit-218 hours agoWhen you get a 401k loan, it is treated as a loan, it looks like, from yourself. Only risk there is if you default, it then switches to a disbursement and has a 10% penalty and probably some sort of tax implication.
When you get a 401k loan, it is treated as a loan, it looks like, from yourself. Only risk there is if you default, it then switches to a disbursement and has a 10% penalty and probably some sort of tax implication.