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a follow-up on this thread:

i consulted counsel, who assured me that officers of S corps who own more than 5% of the stock can indeed take out loans from the company 401(k) plan without getting totally screwed to the wall.

thanks to thebadger & others for the discussion.

i think the logical next step is to take a loan out of the roth subaccount, and cause the plan to charge you sky-high interest... say 20%. that would effectively increase the size of your annual roth contribution by up to two-thirds.

any problems with THAT?

trp
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