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Personal Finance
HomeForumsPersonal FinanceCashing out 401k loan
Lane Kawaoka's profile image
Lane Kawaoka's profile image
Lane Kawaoka
Pro Member
  • Rental Property Investor
  • from Honolulu, HAWAII (HI)
  • Member since Sep 2, 2011
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Lane Kawaoka's profile image
Lane Kawaoka's profile image
Lane Kawaoka
Pro Member
  • Rental Property Investor
  • from Honolulu, HAWAII (HI)
  • Member since Sep 2, 2011
Connect
Lane Kawaoka
Pro Member
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
2,595
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Personal Finance

Cashing out 401k loan

Lane Kawaoka
Pro Member
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
Posted Mar 15 2015, 00:35

Has anyone cashed out their 401k?  You would have to pay a 10% penalty plus you pay federal/state taxes.  Any comments is it too risky or risky not to do it?

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