As with every loan, you spend interest once you borrow from your own 401k.

As with every loan, you spend interest once you borrow from your own 401k. Happily, the attention visits your very own account, therefore it’s a type of profits for you personally. Some individuals assume this means borrowing from your own 401k plan is free from any disadvantages — after all, you’re having to pay yourself …

As with every loan, you spend interest once you borrow from your own 401k. Read More »