Subj : Re: Y'all or Ya'll?
To   : The Lizard Master
From : MRO
Date : Tue Jul 25 2023 10:34 am

 Re: Re: Y'all or Ya'll?
 By: The Lizard Master to MRO on Tue Jul 25 2023 07:44 am

>  > whats wrong with that? you just pay it back.
>  > you're paying it back to yourself.
>
> Ton of reasons, you are paying back that loan with after tax dollars so you
> completely wipe out and lose out on probably the single biggest benefit of
> pretax dollars. Also if you have to take a loan out for a vacation from your
> retirement you are also probably more likely to default on yourself. It also
> depends on you keeping you current employer, you get fired you need to pay
> that back immediately.
>

i think you don't know much about the subject and you are jumping to extreme conclusions.  they will not let you take out a loan you can't pay off. there has to be some there to cover it.

> Just not a great idea.
>

that's your opinion.  you've never done it, though.
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