Originally Posted by
SlvShpDrvr
Viper,
typically, most 401k plans allow you to borrow from your account, setting up payments to pay yourself back, including interest. The problem is that you defeat the advantage of compounding interest during the time that the funds are absent from your account. Someone correct me if this does not apply to our 401k plan.
True, in our plan you can have 1 loan on the 401K side, and you repay yourself with interest. The money is removed from your accounts, so you loose out on the money that it would have earned.
I do not think there is any method of tapping B fund money, short of retirement or resignation. The money is yours, 100% but not the same as 401K for loans as far as I know.