I borrowed money from 401k to buy house:
Advantage:
I pay interest to my own account.
Disadvantage:
1)The interest I paid to my account will be taxed twice.
2) If you leave the companym, you have to pay off the loan.
• Thanks a bunch for sharing! I meant "borrow" 401k. -美西游子- ♀ (0 bytes) () 10/26/2008 postreply 19:30:54