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To: muawiyah

If you lose your job, you may be required to pay back the entire 401(k) loan at the time of termination, or pay taxes and penalties on the money. It seems a little risky if being done for other than critical needs.


8 posted on 11/27/2012 8:51:04 AM PST by NEMDF
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To: NEMDF

Depends on the lending provisions. The government employee Thrift Plan loans have a fixed schedule with fixed payments ~ and I don’t recall any sudden death provision in them.


10 posted on 11/27/2012 11:42:16 AM PST by muawiyah
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