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abcInvesting Blogs
August 2008
August 4, 2008
Borrowing from Your 401k
There's a good article in the Los Angeles Times about borrowing from your 401k. I'm not at all a fan of loans from a 401k, but there may be urgent circumstances where it is the best choice. The article does a fair job of explaining the pros and cons. The article mentions a really cool calculator available from the National Center for Policy Analysis. (I'm a senior fellow at NCPA, but they managed to make the calculator without my help--good work, guys.)
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