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New tax law makes 401(k) loans less risky

Posted at 2:20 PM, Mar 05, 2018
and last updated 2018-03-05 16:20:24-05

SALT LAKE CITY - A new tax law may make it a little less dangerous for loans to be taken out from a 401(k).

Max Roth with Fox 13 talked to Gary Gygi with Gygi Capitol Management about what the new tax law could mean.

Under the law, workers will have more time put the money back into the account when they leave or lose a job.

Still, that extension may not be enough to make 401(k) loans entirely safe.

Watch the video above for more information.