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Do you lose out on earning on your 401k if you take a loan out?
Do you lose out on earning on your 401k if you take a loan out? My husband wants to take a loan out of his 401k to buy a car. His reasoning for this is that he won't have to pay any interest on a car loan. I think this is a terrible idea, because he won't be making gains in the market on the money he takes out for a loan. He disagrees and thinks he would still be earning on that money in his 401k since this ...
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