When you take a loan from your 401(k), as you know, you start to incur interest on the loan amount. The beautiful thing here is when you pay your loan back, you are paying yourself back the interest. So in the long run, it is to your benefit to make sure you pay that loan off plus interest.
Remember, if the account is closed, and you get a check for the remaining balance, you will end up having a tax consequence to deal with this year.
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Remember, if the account is closed, and you get a check for the remaining balance, you will end up having a tax consequence to deal with this year.