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  2. Will 401(k) Loans Impact My Taxes? - AOL

    www.aol.com/finance/401-k-loans-impact-taxes...

    The post How 401(k) Loans Impact Your Taxes appeared first on SmartReads by SmartAsset. While borrowing from your 401(k) account can hurt your long-term retirement planning, that’s not the only ...

  3. Suze Orman says everyone should invest in a 401(k) – but ...

    www.aol.com/suze-orman-says-everyone-invest...

    One of the worst things you can do is take a loan from your 401(k), says Suze Orman. Remember, with a traditional 401(k), you have never paid taxes on that. Sure, when you borrow […]

  4. The pros and cons of taking out a 401(k) loan - AOL

    www.aol.com/finance/pros-cons-taking-401-k...

    Early withdrawals are less attractive than loans. One alternative to a 401(k) loan is a hardship distribution as part of an early withdrawal, but that comes with all kinds of taxes and penalties ...

  5. 401(k) - Wikipedia

    en.wikipedia.org/wiki/401(k)

    Many plans also allow participants to take loans from their 401(k). The "interest" on the loan is paid not to the financial institution, but is instead paid into the 401(k) plan itself, essentially becoming additional after-tax contributions to the 401(k). The movement of the principal portion of the loan is tax-neutral as long as it is ...

  6. Here Are the Biggest 401(k) Mistakes Each Generation Is Making

    www.aol.com/biggest-401-k-mistakes-generation...

    Gen Xers: Taking 401(k) loans. A 401(k) loan is often a wiser play than an early withdrawal, which triggers income taxes, plus a 10% penalty tax if you're under age 59 1/2 at the time. These loans ...

  7. 401(k) and IRA hardship withdrawals – 5 ways to minimize ...

    www.aol.com/finance/401-k-ira-hardship...

    5 ways to minimize taxes on 401(k) and Roth IRA hardship withdrawals ... With a 401(k) loan, you can take out the money you need, while avoiding taxes and penalties associated with a hardship ...

  8. Should you use retirement savings to pay off debt? - AOL

    www.aol.com/finance/retirement-savings-pay-off...

    A 401(k) loan allows you to borrow against your retirement savings and pay yourself back over time with interest, without incurring taxes and penalties as long as it’s repaid according to the ...

  9. Using a 401(k) loan to buy a car: Is it ever a good idea? - AOL

    www.aol.com/finance/using-401-k-loan-buy...

    A 401(k) loan involves borrowing money from your retirement savings and repaying yourself over time. ... the IRS will view the loan as a distribution and impose income tax on the money borrowed ...

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