Has anyone ever had to borrow from your 401k?
I am in a little of a financial issue and was going to borrow roughly 5k from my 401k. Is this a bad idea?...Im 28 years old and have about $105,000 in there. Insight is appreciated....thank you!
Has anyone ever had to borrow from your 401k?
I am in a little of a financial issue and was going to borrow roughly 5k from my 401k. Is this a bad idea?...Im 28 years old and have about $105,000 in there. Insight is appreciated....thank you!
Has anyone ever had to borrow from your 401k?
I am in a little of a financial issue and was going to borrow roughly 5k from my 401k. Is this a bad idea?...Im 28 years old and have about $105,000 in there. Insight is appreciated....thank you!
This is what I did. It is taken right out of your paycheck and into your 401k again. Only problem is if you leave the company you'll have to pay it back at once or the fees will be out of this world.
At your age, I would do it I'm a little bit older than you and don't have as much as you do in my 401k and trust me we are way ahead of most people our age.
Have fun enjoy some of your retirement money while you are young and single is my mind set.
This is what I did. It is taken right out of your paycheck and into your 401k again. Only problem is if you leave the company you'll have to pay it back at once or the fees will be out of this world.
At your age, I would do it I'm a little bit older than you and don't have as much as you do in my 401k and trust me we are way ahead of most people our age.
Have fun enjoy some of your retirement money while you are young and single is my mind set.
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