<p>I was curious about the borrowing against the retirement account thing - as far as I can see there are some potential pitfalls that you may wish to consider. You have 5 years to repay it (unless it is for a down payment on a house) and if you do not pay it back in a timely manner it may then be treated as a withdrawal then you will incur penalties (10%) and taxes. The amount you ‘borrow’ stops growing until you pay it back. You generally have to repay through payroll deductions so this will reduce your monthly income. Also if for any reason you leave the job (volunterily or otherwise) you have a very short time to repay the loan (@60 days) and if you do not it is treated as a withdrawal - again with penalties and taxes. Just some things to consider. I personally would not do this. Please investigate further and look for possible pitfalls before you do this.</p>
<p>Usually if something sounds too good to be true it is too good to be true.</p>