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Honestly shocked by the real cost of a 401k loan
Tbh, I was reading a review of Fidelity's retirement tools last night and saw that taking a loan from your 401k can cost you over $100k in lost growth over 20 years. I had no idea the hit was that big. Has anyone else run the numbers on this and decided it's never worth it?
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bailey.xena17d ago
That "lost growth" math always seems a bit off to me.
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