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Financial Planning / Tax Strategies


Subject:  Re: 401K Loan for home Date:  11/14/2000  7:11 AM
Author:  TMFExRO Number:  41756 of 124804

A friend of mine is telling me that because I used the loan proceeds to pay for a home, there is no taxable event if the loan isn't paid back when I leave. Could this possibly be true, or is she full of beans?

Since she's a friend, I'd suggest different wording, perhaps "you've been given bad information." Ask her for a citation.

Phil Marti
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