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re: Borrow from 401K vs conventional loan???
Posted on 11/12/13 at 7:13 am to StrangeBrew
Posted on 11/12/13 at 7:13 am to StrangeBrew
quote:
Unless I am mistaken, you can not contribute to the 401k until the loan is paid back.
With merril Lynch I know you can contribute to your 401k while still paying the loan back. The money for the loan is pre-tax. I know because I did this a few months ago. The only thing you lose is the interest gained on what money you take out.
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