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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Borrowing from your 401(k) Date:  8/21/2013  12:17 PM
Author:  vkg Number:  307220 of 312159

Because you don't end up being worse off due to 'double-taxation' on interest, it's a red herring.


It is a red herring when comparing a consumer loan to a 401K loan. It isn't when considering using a loan to increase the amount of contributions to a 401K.

I don't have time now for a rebuttal. I will work on it later. Your example doesn't consider the after tax investing compared to 401K contribution.
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