A Future Layoff Could Be More Dangerous Than You Think to Your 401(k) Loan
Millions of Americans have lost income due to COVID-19, either facing layoffs or furloughs or having their hours reduced. In fact, over the span of just three weeks, nearly 17 million U.S. adults filed for unemployment benefits.
Losing your job can result in significant financial hardship, especially if you have little to nothing stashed in an emergency fund. But there's another reason why layoffs could be particularly disastrous, and it has to do with your 401(k) plan.
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Source Fool.com
