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Early Retirement Payout
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<blockquote data-quote="BootsOnTarmac" data-source="post: 2670501" data-attributes="member: 63054"><p>This does not apply to a 401k loan unless you don't pay it back within the terms of the loan. Remember, payments to the loan are taxed as income. You pay a loan origination fee and a loan rate (percentage, say 3%) as well as an after tax payroll deduction. This all adds up to a "penalty" for borrowing money from your 401K. This is the case for non retired current employees.</p></blockquote><p></p>
[QUOTE="BootsOnTarmac, post: 2670501, member: 63054"] This does not apply to a 401k loan unless you don't pay it back within the terms of the loan. Remember, payments to the loan are taxed as income. You pay a loan origination fee and a loan rate (percentage, say 3%) as well as an after tax payroll deduction. This all adds up to a "penalty" for borrowing money from your 401K. This is the case for non retired current employees. [/QUOTE]
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