ST Alpha - "No. If you lose your job (in today's economy, that more of a possibility) you have to pay the loan back in full immediately, or get hit with taxes " (Reading a Post)

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No. If you lose your job (in today's economy, that more of a possibility) you have to pay the loan back in full immediately, or get hit with taxes

Posted by ty97 Jun 15 '09, 07:46

and penalties for early withdrawal.

Plus your 401K money isn't working for you when it's withdrawn

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