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Pastimes : All Clowns Must Be Destroyed
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To: Mama Bear who wrote (33871)5/19/2000 1:16:00 PM
From: Nandu  Read Replies (1) of 42523
 
I once made the mistake of taking a loan from my 401(k). I hadn't realized that it was not a real loan, and they were selling my funds to send me the money. As soon as I found out they had sold my assets to give me a "loan", I scrambled to pay it back. My cost in lost asset appreciation was many times my cost in loan interest paid.

I still don't understand why the "loan" amount need to be limited to half your assets, since the assets are sold to advance you the money anyway.
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