Somewhat easier, why take a loan against a 401k? Well, you have some value and some exposure to an asset, and you would like to use that value without facing the consequences of selling. In this case, the penalties to an early withdrawal are far higher than any normal interest rate, especially over a short time.
Somewhat easier, why take a loan against a 401k? Well, you have some value and some exposure to an asset, and you would like to use that value without facing the consequences of selling. In this case, the penalties to an early withdrawal are far higher than any normal interest rate, especially over a short time.