
Should I Take a 401(k) Loan?
Money Guy Show
00:00
The Negative Side of Taking Out a Four on a One K Loan
If you have an outstanding four a one k loan, it has to be paid back. There's what's called a forced repayment of that loan. The other thing that's kind of scary when it comes to for onk loans is that if there's a chance that you're going to have a job lost, or maybe not even a job lost,. If you want to change jobs, you want to go to somewhere else,Change companies can't do it because you don't have the liquidity to do it. You're just going to turn a horrible situation your erto exasperate it to expedientialy more than it had to be.
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