The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Borrowing from your 401(k) Date:  8/20/2013  9:33 AM
Author:  jeffbrig Number:  307202 of 312185

Does it make sense to borrow from a 401(k)? That depends upon the circumstances.

Well, if your crystal ball is working, borrowing from your 401k is a nice hedge against a bear market. I wish I'd borrowed about $200k in late 2007, lol. Assuming you keep the borrowed funds to repay the loan, you preserve capital, and add extra funds in the form of interest.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us