Originally Posted by
TKOwnedU5
Wow wow...What 401k deal? I thought about pulling money out of mine but I don’t wanna get hit with the high penalty.
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Many or most 401k's allow you take a loan, which you pay back to yourself with some interest (no penalties). Depends on your specific plan. Also be sure that if you quit your job to do flight training, that the outstanding loan does not come due in full immediately. Mine did not, I stayed in the plan and paid off the loan as scheduled, even after I left that employer. Eventually rolled it to an IRA for more flexibility.
You might lose some opportunity cost if that money's not in the market, but at least you're paying yourself some interest. Or the market could tank and you might be money ahead.