It could just be an indication of the stupidly high housing prices right now. I bet most people borrowing from their 401(k)s are using it for a down payment.
I’m 40 with a couple grand and had to stop a year ago. Money was/is too tight. Better off than me. I will probably go like my FiL, a heart attack at work at 70yo.
It could just be an indication of the stupidly high housing prices right now. I bet most people borrowing from their 401(k)s are using it for a down payment.
That’s why I borrowed from my 401k 8 years ago. I only have $70k in my 401k now. I didn’t borrow that much, but I’m 57. I was a terrible saver.
I’m 40 with a couple grand and had to stop a year ago. Money was/is too tight. Better off than me. I will probably go like my FiL, a heart attack at work at 70yo.