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The possible consequences of taking a loan from your 401k and 403b Plan accounts are:. When you pay back your loan with interest, you probably take out cash ......
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4 posts - Last post: Feb 15 I have a 401k that I can cash out which, after tax and penalties would eradicate this debt. I would appreciate any thoughts or suggestions. ......
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Cash Out . This rarely makes sense. You'll pay taxes on this money, incur a 10% penalty and you'll lose the powerful benefit of deferring taxes on the growth ......
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