> From: heather Howard <http://www.gmail.com/~hhoward40> > Date: Thu, 9 Jul 2020 08:11:40 -0700 > > Yes, but if one is not able to pay the money back then one simply pays the > taxes, as if the money has been taken out as income. However, the taxes can > also be deferred for up to 3 years. OK, so it's definitely not free money. Too bad. So, the real question is whether you "buffer" the ups and downs of the economy for the next 3 years or just wait 4.5 years when you can take money out of your 401k without penalty. > I hope not to have to do this.