Sometimes Its Smart To Borrow From Your 401K
They say, “never borrow from your 401K”. Here is what happens when you do. Lets say you borrow $30,000 from your 401K. You’re borrowing pre-tax money so you don’t have to pay taxes on it when you borrow. However you have to pay it back with post-tax money. If you’re in the 25% tax bracket,
