401(k) Loan To Pay Your Taxes?

Calculator“As Tax Day approaches…you may be looking at a whopper of a tax bill and wondering where you’ll find the money to pay it. And then you might think: Hmmm, I have some money sitting in my 401(k). Maybe I should take out a 401(k) loan to write a check to the IRS….” Today’s article examines the benefits, cost and drawbacks of taking out a 401(k) loan for your taxes. To read the author’s comprehensive assessment of this strategy, as well as what might be a better alternative, CLICK HERE.