I take exception to that. When I got divorced, instead of spliting the 401K in half, I took a loan out for 50% of the balance and paid it off after 5 years. Now I still have my whole 401K.
Originally Posted by
HSLD
Questionable is a polite way to put it! Taking a loan from a 401K really hurts compound growth of the remaining funds and diminishes cash flow for future contributions. In a down market most stocks are on sale so look for solid business plans and stockup. Dollar cost averaging still works.