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[quote=Anonymous]I do think that unless this would leave you with less than $5k in your emergency fund, I would just use the emergency fund and focus on replenishing it. However, this happened to us when it was slightly more than the emergency fund ($40k fund, $45k urgent repair, ugh). My financial advisor recommended a 401(k) loan. I was really skeptical - but if you're pretty confident you'll be at your job until you can pay it off, it can be a great deal, as the interest you pay goes into your 401(k)! So the only money you lose (assuming you pay back completely and on time and don't otherwise decrease your 401(k) deposits, etc) is the ROI on the money for the length of the loan. The job thing is important though - if you lose or leave your job, you have to immediately pay it all back or face big penalties. Something to consider. [/quote]
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