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loan default delay


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one-person plan in which owner has a loan with quarterly payments.

They want to push off loan payments by a quarter.

Doesn't seem right, but in so doing, they never default.

What could go wrong?

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Thanks! That's what I needed!

Their other circular question was - should they take an allowable in-service distribution to pay off the loan, rather than defaulting and thereby having an outstanding unpaid loan balance within the plan which would limit future loans.

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