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401k Loan From Employer

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I don’t know who started it. Suze Orman certainly helped spread it. She says that you shouldn’t borrow from your 401k (or 403b) plan because you will be double-taxed.

Allowing loans within a 401k plan is allowed by law, but an employer is not required to do so. Many small business just can’t afford the high cost of adding this …

Can You Take Money Out of Your 401k - How Can You Take Money Out of Your 401k401k Loan: A Good Idea? – The Money Alert – If you’re in a pinch and need money, you may be considering a 401k loan. In the case of 401k loans, it’s important to understand that 401k borrowing has some drawbacks.

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