How Do 401K Loans Work?

  1. 440 POINTS
    Albert Rasmussen
    owner, retireright, sc
    401 k is an investment that allows your employers or individual to put earnings that are not taxed until you use them. They have certain penalties for early withdraw fees. Normally you have to be 591/2 years old to cash in or use the account. Its has certain tax benefits for retirement. The investments are up to the employer usually.
    Answered on October 11, 2014
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