Don’t forget that if you take Roth money out before 59.5 the earnings would also be taxable. To get the completely tax free withdrawal you have to take it at least five years after the first Roth contribution and be over 59.5.
That bit about the double tax you pay on 401k loan interest is dead on and something that not many people realize
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Don’t forget that if you take Roth money out before 59.5 the earnings would also be taxable. To get the completely tax free withdrawal you have to take it at least five years after the first Roth contribution and be over 59.5.
That bit about the double tax you pay on 401k loan interest is dead on and something that not many people realize