then they could put more money into their 401(k) plan than they had borrowed, at a 12% rate. It's actually an interesting concept, assuming that the borrower has the cash flow to afford it. The double taxation on 401K interest payments makes this less desirable. It isn't a issue when comparing a consumer loan to a 401K loan, but if using a loan to contribute more to a 401K, it is a consideration.
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