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Subject:  301K Loan Date:  11/9/2000  8:44 PM
Author:  jo63 Number:  26058 of 88758

I recently had to borrow $50K from my 401K for a real estate deal. I understand that the repayments are made to myself in the plan. Now I can no longer contribute to this plan because I don't work there anymore. So it seems to me that if I borrow money from myself and then pay it back with interest,this would provide a way of getting more money into the plan. Am I correct in this assumption? Is there any shortfall in this approach?
Thanks for any help!!

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