Tag Archives: 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 [...]