For others, be careful because many employer sponsored plans don’t allow new contributions to the 401k while there’s a loan. You don’t want to lose that tax advantage space.
But if your plan allows contributions while repaying the loan, I think it’s a reasonable option.
For others, be careful because many employer sponsored plans don’t allow new contributions to the 401k while there’s a loan. You don’t want to lose that tax advantage space.
But if your plan allows contributions while repaying the loan, I think it’s a reasonable option.