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More Pros and Cons of 401(k) Plan Loans
Greg Kratz in Deseret Morning News 
Jan. 8, 2007 Excerpt: A few weeks ago, I passed along advice from a financial expert who recommended against using a 401(k) loan to pay off a mortgage -- or for anything else, really. One reason for that advice from Jeff Salisbury, principal at Independent 401(k) Advisors, with offices in Cache and Davis counties, was that taking out such a loan sets a person up for double taxation. MORE >> |
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