this post was submitted on 19 Sep 2024
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You can't use a 401k as collateral for a loan.
https://www.bankrate.com/retirement/borrow-from-401k-loan/
That's not using it as collateral. That's taking money out of it that you have to pay back to yourself. That means you'll lose out on the growth in the markets that the people using their investments as collateral don't lose.