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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Borrowing from your 401(k) Date:  8/20/2013  5:20 PM
Author:  MetroChick Number:  307208 of 312901

I would have to be in extreme dire circumstances to borrow money from my 401K. I just overall think of retirement savings as untouchable. I think if people are having cash flow problems, it's better to suspend contributions to a 401K and see if they can get caught up on their monthly cashflow, instead of actually withdrawing funds from a 401K.
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