401 K Plan Loan

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Posted on October 31, 2018 at 09:16 AM

Reviewed by on Thursday November 15 2018 Admin 9 out of 10 based on 574 user ratings
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You can Hear Or Save This Videos 3 times its ok to take a loan from a 401k | Retirement planning

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No one likes the idea of borrowing money, but it can be part of a sound strategy for working toward your financial objectives. Your career transition may be one of those times when borrowing money is a necessity, although being unemployed will make it difficult to secure a loan.
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Understand Your Options: In some cases, you may be able to access retirement funds in a more tax efficient manner than taking a fully taxable distribution, such as taking a 401(k) plan loan ...

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