Mar 29, 2024
5:35:47pm
5:35:47pm
401K Withdrawal question and time to payback
I have a balloon cash payment coming in June but I need to replace one of my cars in the next month. Instead of doing a loan could I do a withdrawal from my 401K and as long as I pay in back within 60 or 90 days could I avoid the taxes and penalties? I can't find anything online if that is an option. I am trying to avoid the loan origination fees that I would have to pay for the 401K loan option.
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- compcoug
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- May 14, 2024
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401K loans and opportunity costs: A 401K loan may sound attractive with a good (Pick-Six Coug, Mar 29, 2024 at 10:12pm)
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Ignore all the misinformation in this thread. Your easiest answer is to pay the small fee and do a 401k loan.
Mar 29, 5:52pm
Mar 29, 5:47pm
Mar 29, 6:51pm
Mar 29, 7:04pm