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Reply to "Explain to me why it's a bad idea to borrow against your 401k?"
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[quote=Anonymous]I am 62 already and still work full time. Why is it a bad idea to borrow from my 401K to put a new roof on my house that insurance will not cover and I can't afford myself? Why not just take the money out as a distribution, since you are older than 59 1/2?[/quote]
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