Hi, I have retired and am making payments on a 401 k loan. There is about 29k left on the loan and the interest is 7%. I am told my options are to default or to continue to make payments at about 1k per month. If I default then there would be an immediate tax consequence. I am in 24% tax bracket and probably that will not change in the future. Is the best thing to do just to keep making the payments? Thank you for any advice.
Statistics: Posted by Trying to do right — Thu Jan 02, 2025 11:18 am — Replies 10 — Views 366