Are 401(k) loans taxed?

401(k), Taxes
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July 2016
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The great part of 401(k) loans are that you can access your pension money that you worked hard for, but do not pay a penalty for early withdrawal or  taxes. The added benefit is that the interest you pay to use your own money (typically 4 to 5%) is earnings to your 401(k) plan :)

 

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