Rabu, 08 Februari 2012

Q&A: borrowing against a 401k?

Question by paula r: borrowing against a 401k?
My brother got into some trouble with the law. He needs money now to pay an attorney & quite possibly a fine. We are thinking around $ 8,000.00 Could he take it out of a 401k? I hate to see him borrow money or worst, charge that much on a credit card. Any suggestions? Thanks


Best answer:
Answer by Greg PHe can take out a loan on his 401K. This is good because he will be paying most of the interest back to himself. But, there are some

Loans Bad Credit Loans

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