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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Head banging time Date:  11/6/2012  11:57 AM
Author:  JAFO31 Number:  306369 of 312560

Windowseat: "And they had previously taken a loan against their 401(k) and got hit with a big tax bill."

401-k loans do not generate tax bills; plus the article recited 401k withdrawal, not loan.

And this was not some enlisted man with only a high school education.

Regards, JAFO
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