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The repayment time on a 401K loan where I work is 5 years regardless of amount, so my $25,000 loan has cost me $167 a week for the last 3 years...that starts to hurt when closing in on retirement.
The 401K rules state that you can't take more than 50% of your vested amount, and I believe that $50,000 was the upper limit that anyone could take.
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