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Feb 9, 2016
12:38
:54
pm
RdF3
All-American
I would personally do the 401k because worst case scenario it just becomes a
distribution with taxes and a 10% penalty on the distribution due.
And yes you just have to pay yourself back.
This message has been modified
Originally posted on Feb 9, 2016 at 12:38:54pm
Message modified by RdF3 on Feb 9, 2016 at 12:39:08pm
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RdF3
Previous username
swishh_15
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RdF3
Joined
Nov 4, 2011
Last login
May 7, 2024
Total posts
39,982 (2,658 FO)
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Messages
Author
Time
LOC on Investment Property or loan against 401k?
Jeremy
2/9/16 12:35pm
I would personally do the 401k because worst case scenario it just becomes a
RdF3
2/9/16 12:38pm
Letter of Credit. The lOC is probably for a face amount far less than the equity
PhilPete
2/9/16 1:04pm
Depends on the amount
GoCubsGo
2/9/16 1:13pm
That's true. There's not enough info provided to get a real conclusion.
RdF3
2/9/16 1:21pm
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