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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Borrowing from your 401(k) Date:  8/21/2013  12:57 AM
Author:  vkg Number:  307218 of 312777

then they could put more money into their 401(k) plan than they had borrowed, at a 12% rate. It's actually an interesting concept, assuming that the borrower has the cash flow to afford it.

The double taxation on 401K interest payments makes this less desirable.

It isn't a issue when comparing a consumer loan to a 401K loan, but if using a loan to contribute more to a 401K, it is a consideration.
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