1 февраля, 2023 
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I am not happy to ditch my general advice against 401(k) funds, but the Given search papers was and make me personally think about things less than which one may not be including an awful idea
However, a current papers because of the two Federal Set-aside economists are thinking the standard wisdom you to definitely says borrowing from the bank money from your 401(k) account always are a bad idea.
Smith argue a 401(k) loan will be sensible to possess customers who or even do end up being expenses highest interest rates on credit cards, auto loan or other sorts of credit.
From inside the a paper titled «Brand new Proof with the 401(k) Borrowing from the bank and you may House Balance Sheet sets,» Li and you can Smith estimate that households entitled to an excellent 401(k) financing is going to save an average of $275 a year when you look at the borrowing can cost you if they shifted to help you a good 401(k) loan regarding highest-rate debt. Читать далее »