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Happy diwali 😂

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Any insight to PwC tuition reimbursement?
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I thought you can do it as a self directed IRA (but only on investment property) Or you can take out a loan from yourself and pay yourself back in a certain amount of years without penalty.
You can take a loan - amount available for loan will be in the portal - you will have 5 years at very very little interest to pay it back
Also this is only for 401k not wealth builded
Do not do that. You will be taxed on it and party a 10% penalty.
Ohhh so it can not be used even to buy a house? So when is the right moment to use it?
I think you can use 401k without penalty for a first time home purchase. You would still have to pay takes on whatever you withdrew (assuming contributions were pre-tax)
And you pay yourself interest!
How can I take a loan from myself??
If you have a roth you can take out any money you CONTRIBUTED to the plan. It was already taxed. However, if you pull out any earnings, you will be taxed. K bye
D1 thanks
You can take a loan out on your 401k and pay yourself interest however it won’t grow or compound until you pay it back.