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I like to have a loan ,how can i or what a can do ?

Aug 27, 2012 by freddy from Las Vegas, NV
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You'll have to check with your company-sponsored 401(k) plan administrator to find out if your plan offers a loan. While tempting it's not a good idea to use your retirement account for current bills. You should note that if you leave your employer and have an outstanding loan, the balance may be added to your income and you'll owe all sorts of income taxes on it plus the possibility for early distribution penalties if you're under age 59 1/2.

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