I have noticed an increasing amount of discussion regarding 401(k) loans. While almost all pictures of suze orman sources denounce this as a bad idea, I take issue with one of the supposed reasons why: double taxation. Suze Orman explains it her way: Suze says when you put money in a 401(k), it goes in with pre-tax dollars—you add from your wages before the government takes any income tax out. When you take a loan out of your 401(k), you’ll usually have.
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