Originally Posted by
Deathray
Not quite. There’s a loan that you pay back at whatever percent, and then there’s a straight withdrawal up to $100k. No penalty but you do owe the taxes on it. But, you have 3 years to pay the taxes, and 3 years to put it back in. You only owe taxes on what you don’t put back in, and any money you put back in is pre tax. It’s a good deal.
Do you mean that it is a good deal vs taking a loan for the same amount? Or is their some financial wizardry that you can do with that money over what you could do just leaving it it a tax beneficial account?