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Message
re: 401k Loans
Posted on 6/5/13 at 4:39 pm to tigerrocket
Posted on 6/5/13 at 4:39 pm to tigerrocket
quote:
401k loans are not taxable unless you default.
The money you repay the loan with is post-tax money.
1
Posted on 6/5/13 at 4:43 pm to foshizzle
But, if I borrow money from the bank, I am paying it back with post tax money, and the interest is earned by the bank not the 401k.
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