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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
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<p>[QUOTE="Anonymous, post: 4043090"]I'd pay it back if I could ... you're talking as much as a 45% tax bite (plus state taxes if applicable), which includes the 10% penalty tax rate. Unless your employer plan allows you to continue to pay the loan after you resign (and I'm not sure if any plans allow that), trying to come up with the cash to pay off the loan would be best.</p><p><br /></p><p>Otherwise, I'd borrow to cover the loan (either home equity or unsecured loan, if possible).[/QUOTE]</p><p><br /></p>
[QUOTE="Anonymous, post: 4043090"]I'd pay it back if I could ... you're talking as much as a 45% tax bite (plus state taxes if applicable), which includes the 10% penalty tax rate. Unless your employer plan allows you to continue to pay the loan after you resign (and I'm not sure if any plans allow that), trying to come up with the cash to pay off the loan would be best. Otherwise, I'd borrow to cover the loan (either home equity or unsecured loan, if possible).[/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
General Discussion
>
Financial Forum
>
401k Loan & Resignation
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
General Discussion
>
Financial Forum
>
401k Loan & Resignation
>