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I agree that he was thinking a 401k loan but the biggest downside of 401k loans is that if you leave your current employer (are fired or choose to leave) the fu
by pilom 11y ago
I agree that he was thinking a 401k loan but the biggest downside of 401k loans is that if you leave your current employer (are fired or choose to leave) the full amount of the loan is due immediately. This is a huge set of handcuffs to your employer that make it more difficult to jump ship for more money.