Just for kicks and grins and opinions - below is what creditKarma said about me today (PS: I wonder if a guy can borrow from his pension - let me guess . . . taxes and penalties in the 25% range?!): If you can't pay back 401K loans, the taxes and penalties are going to be higher than 25%. The distribution is taxed at your highest tax rate for both federal and state. Federal penalty is 10%. Your state may add additional penalties. In CA, the state penalty is an additional 2.5%.
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