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401k plan does not allow loans
401k plan does not allow loans Background. I had to take a 150k loan at 8.5% over 5 years for my divorce settlement. I have that in my 401k, however it doesn’t allow loans. If I leave my job can I roll that into a 401k that allows loans? Obviously I’d rather have my 401k get an 8.5% return AND not have to pay the bank 8.5%. The payment on the 150k is basically crippling me. N...
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