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Type: Posts; User: ppauto

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  1. Answers
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    14,754

    I just spoke to Vanguard about these questions....

    I just spoke to Vanguard about these questions. The person there told me that the IRS isn't notified that the loan exists unless it goes into default. Also, once the proper paperwork is submitted for...
  2. Answers
    15
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    14,754

    Yes, the plan rules say that I can have 1 pri....

    Yes, the plan rules say that I can have 1 pri. Res. Loan and 1 non-pri.res loan at any given time. The paperwork with the pri.res loan stated that it could not be used for purposes other that...
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    14,754

    I'm wondering what the ramifications might be if...

    I'm wondering what the ramifications might be if I paid the other loan off and then used the balance for the home purchase. That way I would only have 1 loan out and would still have some of the...
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    15
    Views
    14,754

    401k primary residence loan

    I took out a loan from my 401k for primary residence purchase and deal fell through. What can I do with the money now other than paying it all back to pay off the loan.(and lock that money up for 12...
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