401(k) Ooopsie

FoIB Joe Kristan, proprietor of the venerable Tax Update Blog, has a timely warning for folks who borrow (or plan to borrow) from their retirement accounts:

"If you borrow from your 401(k) plan and then lose your job, you can find yourself facing an ugly tax situation."

It's a fascinating -- and scary -- insight into an area of tax law about which most of us know very little, but which could be tremendously helpful.