401K Loans and Options

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401K Loans and Options

Many people in today’s economy feel the need to take money out of their retirement plans. Well, before making a decision, an individual should at least consider whether they may qualify for a 401K loan and the benefits of taking out a 401K loan vs. a distribution from their IRA. As always, an individual should always seek the appropriate tax advice from their tax professional before making their own decision.

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