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There's a laundry list of reasons why not to borrow from your 401(k). While the money is on loan, it's not working for you - and if you leave your job, you'll have to pay it back in 60 days or treat it as a taxable withdrawal.
Jean Chatzky
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"There's a laundry list of reasons why not to borrow from your 401(k). While the money is on loan, it's not working for you - and if you leave your job, you'll have to pay it back in 60 days or treat it as a taxable withdrawal."
— Jean Chatzky #moneywealth

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There's a laundry list of reasons why not to borrow from your 401(k). While the money is on lo…

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There's a laundry list of reasons why not to borrow from your 401(k). While the money is on loan, it's not working for you - and if you leave your job, you'll have to pay it back in 60 days or treat it as a taxable withdrawal. — Jean Chatzky

About Jean Chatzky

Jean Chatzky was a Journalist from United States (1968–present).

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Frequently Asked Questions

Who said "There's a laundry list of reasons why not to borrow from your 401(k). While the…"?
This quote is attributed to Jean Chatzky, a Journalist from United States.
When did Jean Chatzky live?
Jean Chatzky lived from 1968 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.