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    4. want to take out a loan on my 401k plan
    want to take out a loan on my 401k plan

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    0  Views: 397 Answers: 2 Posted: 13 years ago
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      Talk to your bank or holder of the plan as they have your money and can tell you how and for what purpose you can borrow from it.

      13 years ago. Rating: 1
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        Yes, like sawali recommended, talk to your financial planner or broker before you take so much as a penny.  The early withdrawal penalties can be astronomical.  There are a couple of reasons you can draw from them without penalty....but be advised, the IRS is breathing right down your neck if you tap those funds.  

        13 years ago. Rating: 0
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