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Vanguardian definition3/11/2023 A plan sponsor is not required to include loan provisions in its plan. The money is not taxed if loan meets the rules and the repayment schedule is followed. See Retirement Topics – Tax on Early Distributions for a chart of exceptions to the 10% taxĪ retirement plan loan must be paid back to the borrower’s retirement account under the plan.IRA withdrawals are considered early before you reach age 59½, unless you qualify for another exception to the tax.
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