This is a Devil's Advocate post.
One of the oft-discussed cardinal sins in personal finance is to borrow from your 401(k), 403(b), or other eligible retirement accounts. The reasons against borrowing are obvious – those assets are for you to consume in retirement, not right now. By borrowing those funds, they can’t grow with the market tax free and you lose one of the great vehicles for retirement planning.
Not everyone can borrow from their 401(k) or 403(b), the plan administrator has to permit it, but this Devil’s Advocate post will discuss reasons why this may make sense for the limited number of employees who can borrow from their 401(k) plan.
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