Is It A Good Idea To Take A Loan Against Your 401k?
I want to take a loan at a lower interest rate to pay off my debt.
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asked 1 year ago
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It is never a good idea to take loan against 401K rather a typical bad one. Your tax is usually increased to double and when you retire you loose much of your interest in dollars. You can take a loan from your Roth IRA
without penalty as it works great as an emergency money source.
without penalty as it works great as an emergency money source.
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