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Why You Shouldn't Borrow from Your 401(k) Account
U.S. News & World Report Link to more items from this source
Nov. 8, 2017
"In effect, the loan offsets one of the chief benefits of a 401(k), the upfront tax deduction. But what if you're not in a pinch? Would it make sense to use a 401(k) loan as a convenient alternative to a loan with a higher rate? It might seem that way if interest rates were the only consideration, but those lost investment gains should be counted too. With big U.S. stocks in the Standard & Poor's 500 index up more than 15 percent this year, someone who borrowed $50,000 Jan. 1 would have missed out on about $7,500 in gains. And paid interest on top of that."

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