You are pretty much getting beat down by the double taxation & losing the power of compounding interest, you do not want that! Added to that, even if your plan does not have a repayment provision, you may not be able to afford to keep up with your 401k loan payments and make additional 401k contributions (that you were supposed to make every month anyways). Repay the Loan! Post your comments below if you do! This is because if you quit, you will have to come up with the cash to repay the loan. The low interest payments that you are paying to yourself is likely to be insignificant compared to the appreciation & returns on investment that is available in stocks/bonds/commodities markets. We will go over 8 major reasons why you should never borrow from your 401k.
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Posted in computers by zidit 288 days ago (http://computer-repair-minneapolis.computerpassports.com)Who Voted for this Story Post your comments below if you do!
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