return2ozma@lemmy.world to News@lemmy.world · 23 days agoRetirees 'stunned' as market turmoil over tariffs shrinks their 401(k)swww.nbcnews.comexternal-linkmessage-square220fedilinkarrow-up1815arrow-down17cross-posted to: economics@lemmy.world
arrow-up1808arrow-down1external-linkRetirees 'stunned' as market turmoil over tariffs shrinks their 401(k)swww.nbcnews.comreturn2ozma@lemmy.world to News@lemmy.world · 23 days agomessage-square220fedilinkcross-posted to: economics@lemmy.world
minus-squarePillBugTheGreat@lemmy.worldlinkfedilinkarrow-up2arrow-down1·edit-223 days 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.