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re: Borrowing money from 401k...how does this work usually?

Posted on 2/25/16 at 3:13 pm to
Posted by TheCaterpillar
Member since Jan 2004
76774 posts
Posted on 2/25/16 at 3:13 pm to
I'm in a much steadier field than that and work for a company that doesn't fire enough people tbh . But I do appreciate the advice. I think the time is right for me to make the jump.

Wife and I just got promotions, its a very sound investment according to everyone I've run it by who knows about this kind of stuff, etc.

I will continue to save as always though. This won't be a financial burden at all, I just had recently spent my savings on something else unexpected so I didn't have the full 5% and this is a time sensitive deal.

Most of the time I wouldn't have this issue and will have it paid back very soon.

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