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Don't treat your 401k like a piggy bank »

Posted by: dirtyfratboy 2 years, 4 months ago
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Besides, if you can pay for all this by dipping into your 401(k), well, what's the harm? You're paying interest to yourself, so the more you borrow, the more you're feeding your 401(k), right? Wrong. The idea of a 401(k) as some sort of easy-to-tap piggy bank is dangerous for several reasons.

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dirtyfratboy

Hey all, I'm Henry. I'm a student right now and I'll be majoring in Business at the University of Illinois Urbana-Champaign. During ...

 

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