One of the nice aspects of borrowing from a 401(k), if one has to borrow, is that the interest you pay is being paid to your own account. You're essentially paying yourself rather than paying somebody else the interest.

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Retirement funds are the security that you're building up over the course of your working years and you don't want to put them in jeopardy. So if a person is going to do that, they should really make sure that the payback is there, that the means of paying back the loan is there.

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