Borrowing from your 401k


Registered Member
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?


Registered Member
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.