Loan Against 401k For

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Posted on September 27, 2018 at 18:51 PM

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Many, if not most, financial planners advise against taking out a loan from a 401(k). Their opposition generally boils down to the fact that a large 401(k) loan could affect your ability to enjoy ...
Everything You Need To Know About Borrowing Against Your ...
I made a loan against my 401k 3 years ago at age 61 and am still a full-time employee; this year made a 2nd loan against 401k. If I go to part-time employment or retire this summer at age 65 and default on both loans will I owe the 10% penalty or just have to claim the balance of both loans as regular income for 2013 ?

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