403(b) retirement account loan

 

 

Is It Dumb to Take a Loan From My 403(b) Retirement Account to Pay Off Debt? – Maura

 

“Dear Steve,
I have $20,000 in credit card debt that I can’t seem to pay down. I have cut up my credit cards and are no longer using them. My interest rates are 8-12%. I am considering taking a loan on my 403B at 4.25% that I pay back to myself. One of the downs falls [...]

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