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401K loan payback after 59 1/2
401K loan payback after 59 1/2 I took out a 401K loan before I turned 59 1/2. I am now 60. I can now just stop paying the balance and it will be looked at as a withdraw. Taxed as income. I am wondering if that would be better than paying back the loan. The money that goes to the loan is taxed first and since it is not a roth 401k, I believe it will be taxed again when I do wi...
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