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Loan from 401k
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<blockquote data-quote="fr8dog" data-source="post: 241563" data-attributes="member: 703"><p>Same here. I borrowed mine 6 yrs ago. You can borrow 1/2 of what you have in your account up to $50,000.00. Worked out great for me. Market tanked right after I borrowed and my house appreciated well ahead of the market. Remember you are paying yourself back with after tax money so the big draw back is you will be taxed on the borrowed money twice. 1st when you repay loan, 2nd at retirement. Still a good deal if purchasing a home.</p></blockquote><p></p>
[QUOTE="fr8dog, post: 241563, member: 703"] Same here. I borrowed mine 6 yrs ago. You can borrow 1/2 of what you have in your account up to $50,000.00. Worked out great for me. Market tanked right after I borrowed and my house appreciated well ahead of the market. Remember you are paying yourself back with after tax money so the big draw back is you will be taxed on the borrowed money twice. 1st when you repay loan, 2nd at retirement. Still a good deal if purchasing a home. [/QUOTE]
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