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by catblast
2211 days ago
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401k backed loans are nothing new. The incentive is the avoidance of tax penalties (or less obtusely that's the disincentive at the federal level to just withdrawing). It's not to prevent stock sell-offs, it's to prevent people for whimsically withdrawing from their 401k/retirement account.. Nothing stops your friend from selling everything and leaving it as cash or some non-stock instrument in the account. |
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