Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I have a loan on my 401K at present that will be paid off in 12 months. I have a need for cash now but I am only allowed one loan at a time on my 401K. I can just liguidate the first loan and create a new one, but I understand there may be tax consequences. What would those be?
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.