Borrowing Against 401k For

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Posted on February 21, 2019 at 19:03 PM

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The Skinny On Borrowing Money From Your 401(k) - Forbes
This post originally appeared on LearnVest. When Ivy Simon, a 39-year-old from Chapel Hill, N.C., wanted to buy her first house in 2006, she borrowed $50,000 from her 401(k) for a down payment ...
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The Individual 401k is a self employed retirement plan that is sometimes referred to as a Self Employed 401k, Solo 401k, Single(k) and Personal 401k.
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The cost of meeting a down payment shortage by borrowing from a 401K is low but the risk is high.

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