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How 401(k) Loans Work: What to Expect

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You can get a check in like 2 days super easy Comment from : Sky1

I just went straight to my 401k and borrowed- I didn’t go through my employee- first time I ever done this after 25 years with the company - so I have no idea what to expect Comment from : tina m

I got 5800 only want to take 400 Comment from : Ian Hargrove

Doesn't sound like it's worth it Comment from : Czar

There's no option to keep paying if i change jobs Comment from : Guy

Can I borrow from my 401k to repay a 401k loan? Let’s say I have a 401k that has over 100k in it and I want to borrow 50k Let’s say I do borrow 50k from the 401k and I have 5 years to repay it but in year 4 I have only repaid 30k Can I take out a 20k loan from the 401k to pay off the 20k that I owe to the 401k Comment from : Mark Jones

Sounds like a great time to take a 401k loan Comment from : Caveman

So if your into year 1 of your repayment and it’s tax season, would have to provide your loan information on your taxes? Comment from : KingstonMyHero Vang

Can I repay the loan quicker? Or do I need to pay it on the stablished repayment period? Comment from : elECpodcast

Times is tough I am here thanks for the info Comment from : Markcus Vongphachanh

Thank you! Explained so clearly! Comment from : Fleusr

I took a 10k loan, repayable over 5 years It felt like a punch to my gut I hated it, hated the garnishment, hated paying interest on it… It seemed like I was taken to the cleaners the whole time Comment from : Albert Astro

Thanks! Comment from : Universalorbit

Thank you for such informative video with all important things to know 👌 Comment from : Sridhar Nayakwadi

Hi What if I pay off a loan how long would it take to get another loan? Comment from : skione n

Very informative 👏 great video!!!! Comment from : Hialeah asere!

Thank you Comment from : Demeitres 100Million

Great explanation thank you! Comment from : DoubleD443

Thank you! Comment from : Amanda Dilbeck

Very informative Comment from : YaniAmorX

Great information on what can be a complicated process! Comment from : Murray

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