Bates & Company, Inc.
|
Loan & Distribution Specialist AimPoint Pension
|
AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
Regional Vice President of Sales The Retirement Plan Company
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Borrowing Against Your 401(k)
Entrepreneur Jan. 26, 2007 Excerpt: Unlike a home equity loan, the interest you pay on your 401(k) loan isn't tax deductible, and if you default on your payments, the money you have borrowed will be treated as a distribution and taxed as ordinary income. You'll also incur a 10 percent penalty if you're under age 59 and a half. |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |