posted ago by Capitalism_Fuck_Yeah ago by Capitalism_Fuck_Yeah +19 / -0

Most people don't know about this but you can take a loan out on your 401K for certain things. You then owe a loan to your 401K and pay interest to yourself.

If the concept is confusing imagine you are the US government and your 401K is the fed but this time the US government has to pay back everything eventually.

I'm sure there are some people that know more about doing this. I've not needed to do it yet but I know the option exists. Talk to whoever manages your 401k or IRA they can usually tell you more about it.

Comments (8)
sorted by:
You're viewing a single comment thread. View all comments, or full comment thread.
SpacemanTy 2 points ago +3 / -1

No, don’t listen to this retard