What’s the Fallout From Defaulting on a 401(k) Loan?

Brian borrowed $5,000 from his 401(k), and now he can’t make his $150 a month payments. DailyFinance’s Laura Rowley looks at the fallout from failing to keep up, and what Brian should do.

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Tagged: 401k, 401k loans, 401kLoans, default, featured video, FeaturedVideo, Finance, irs, money and happiness, MoneyAndHappiness, penalty, pre-tax, tax

Article source: http://www.dailyfinance.com/2011/11/02/whats-the-fallout-from-defaulting-on-a-401-k-loan/

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