Consolidating 401k loans

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In most cases, that means you only have 60 days to pay the outstanding balance of your loan before you default.

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If at all possible, you should consider pulling your loan from the fixed income portion of your portfolio.Here, the opportunity cost cannot be determined until after the fact.What happens if you pull ,000 out of your stock funds for the loan and the market sees a 12% gain that first year?This means if you have 80% in stocks and 20% in a fixed account and request a ,000 loan they will pull ,000 from your stock holdings and 20% from your fixed account.If you don’t have a say in this matter there isn’t much you can do.

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