Here’s today’s question(s) of the day:
Do you think it is too easy for people to borrow from their 401(k) plans? Have you ever borrowed from your 401(k)?
My wife and I have borrowed against her 401(k) when we bought our house in 1999. This was back in the day when her 401(k) was our only source of meaningful savings. Although it worked out well for us, I can’t say that I would recommend it for everyone.
What about you?