
Anonymous
Not applicable
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
if it's an employer 401k, the plan may permit loans to participants. if so, you'll have to make payments including interest and it must be repaid in 5 years otherwise any non-repaid amount becomes taxable. the advantage of a loan is that it is not taxable and there is no early withdrawal penalty. speak to your human resource department.
‎December 3, 2019
11:48 AM