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Still, by taking a loan against it, you are not getting penalized and your 401k is still growing tax-free. Before making the loan request, be sure to talk to your lender.
Taking a loan out against your 401k does reduce the amount of your reserves and therefore may impact your ability to get financing.
It will just be an added bonus as you hit your “golden years.” As a Millennial, my initial thoughts aligned with these young folks.
With these self-directed accounts, you can invest in anything.
The one limiting factor is that you cannot get a conventional recourse loan with your 401k.
real estate) with your 401k without taking the penalty.
Rather than having your 401k held with a financial advisor and being diversified amongst asset classes that return ~7% annually, you can move it to a self-directed IRA or a solo 401k to manage yourself.