Borrowing from your 401k

Keri35

Registered Member
#1
What are your thoughts on borrowing from your retirement plan? I am thinking of borrowing from myself but I don't really know the pros and cons. Thoughts?
 

Sophia

Registered Member
#2
I did this one time several years ago and it's quite painless. I did it over the phone. The only thing is you have to pay yourself back with monthly payments. It's just like a bank loan only it's your money.
 
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