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Yes you can. it would be half of what you took out on the amount of your first loan. the interest is the same. take my advise...only take the loan if you really need it and pay back as soon as possible. I had to do it because I was overwhelm with high credit card interest. I caught up and pay back early. it's your money, you can do whatever you want
Tiffani
What else can I help you with?
How often can you take a loan from your 401k?
You can take a loan from your 401k once every 12 months.
How do you take a loan out of your 401k?
idkbBzbha
How soon can I take out a 401k loan after paying one off with Fidelity?
You can take out a new 401k loan with Fidelity immediately after paying off the previous one.
Who collects interest when you take a loan from 401K plan?
You do.
How do you take a loan from your 401k?
Ask your Plan Administrator for the necessary forms.
How often can you take a loan from your 401k?
You can take a loan from your 401k once every 12 months.
How do you take a loan out of your 401k?
idkbBzbha
How soon can I take out a 401k loan after paying one off with Fidelity?
You can take out a new 401k loan with Fidelity immediately after paying off the previous one.
Who collects interest when you take a loan from 401K plan?
You do.
How do you take a loan from your 401k?
Ask your Plan Administrator for the necessary forms.
Do you have to pay taxes on a 401k if you take the money and pay a student loan?
hi
What are Home Depot 401k loan guidelines?
upon paying off an existing loan how long before you may take out new loan
What are the requirements for obtaining a 401k loan?
To obtain a 401k loan, you typically need to be employed by a company that offers a 401k plan, have enough funds in your 401k account to borrow from, and follow the specific loan rules set by your plan administrator.
Are 401k loan repayments considered pre-tax?
No, 401k loan repayments are made with after-tax money.
Do you get taxed for taking a 401k loan?
Yes, you do not get taxed for taking a 401k loan, but you may face taxes and penalties if you do not repay the loan on time.
How often can you take a 401k loan?
You can typically take a 401(k) loan once per year, but the specific rules may vary depending on your plan.
Is it possible for me to pay back my 401k loan early?
Yes, it is possible to pay back your 401k loan early.
