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Is a 401(k) Loan Always a Bad Idea?
Morningstar 
June 7, 2015 "In a few key respects, borrowing from a 401(k) beats other forms of emergency financing, such as credit card debt or even a home-equity line of credit. After all, the interest rate on a 401(k) loan may be lower than other types of financing. And even more important, you pay that interest back to yourself rather than to a third party.... But numerous respondents in a recent Morningstar.com Discuss Forum conversation said they're positively allergic to borrowing from a 401(k)." MORE >> |
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