1. It’s quite amazing how many people take loans from their 401(k). I wish people would just learn that it’s for RETIREMENT. It should literally be the last resort and I’d love for people to only touch it if they were facing bankruptcy or foreclosure.

    • I agree that it should really be one of the absolute last things you do. It’s so hard to catch up on that earning power again.

      But for a lot of people that cache of cash is hard to resist.

  2. I agree this is the last thing you want to do. Cut your spending and leave retirement money for retirement.

  3. Jenna, Adaptu Community Manager says:

    Thanks for the reminder. Sometimes you need to do what you need to do, but hopefully I won’t ever have to borrow from my 401k.

    • It’s true, some people have to go the 401(k) loan route. But if you can avoid it then that’s probably better.

      Another note is that there are those who see their 401k as a savings they could tap if ever needed. This is a mistake.

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