Two years ago I took out a 401K loan to pay off my personal loan. Don’t gasp. Don’t shake your head. Don’t judge, or be judged, remember? Most financial bloggers recommend to never borrow from your 401K. They are right: the risks of taking out a 401K loan outweigh the benefits by far. However, I… (39 comments)

This article was featured in the following carnivals: Yakezie Carnival at Financial Success for Young Adults Carnival of Financial Camaraderie at Thirty Six Months Best of Money at Frugal Confessions Totally Money at Control Your Cash Festival of Frugality at Penniless Parenting Canadian Finance Carnival at Canadian Finance Blog Carnival of Financial Planning at Aaron… (35 comments)