401k home loans?
Friday, December 7th, 2007
~*Stephanie S asked:
Is it a wise financial move to borrow from your 401k to pay for a home? Since the interest you pay on your 401k loan goes back into your 401k account to be invested and earn money for you, it seems to me that it’s a very wise thing to do, indeed. I wondered if maybe I’m not seeing the big picture, though?
Question posted courtesy of: Julie
Is it a wise financial move to borrow from your 401k to pay for a home? Since the interest you pay on your 401k loan goes back into your 401k account to be invested and earn money for you, it seems to me that it’s a very wise thing to do, indeed. I wondered if maybe I’m not seeing the big picture, though?
Question posted courtesy of: Julie
