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1. No not all contributions are pre tax. Every penny I've paid back on the loan is taxed first, including the interest I'm paying myself. I'll be getting a monthly distribution after I retire. There are no penalties since I'm 64 years old. The distribution as a result of the unpaid balance of the loan will be automatically determined. How can it be spread out over years? I gave up $20,000 in shares which were at a loss from what I paid for them. I have a spreadsheet that shows every transaction I've had over the 8 years employment.