Has anyone taken a loan from their 401K for a down payment? Yay or nay on this strategy?

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I have. At the time market was down (similar to now) and my self-repayment was at 5% so it made sense. The only fee was a $50 loan fee, but I know my wide’s 401K had more fees and she didn’t have as high a repayment rate (I think every payment had some fees to a 3rd party). Check the details before going forward. We actually paid the loan down in two years when the market had the dramatic upswing.

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In this market, it might make sense

My fiance is actually in the process of doing this to cover our closing costs in NY. For us, it makes sense because it's not a hardship withdrawal so he's paying the interest back to himself and the money hasn't been going up for a while now anyway. We figured it's a risk worth taking.

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Hey all! Would really appreciate feedback on my current financial approach and making an actual financial plan (HELP pls lol)
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I contribute 25% to my workplace retirement acct. when I get paid, I apply a lump sum to my student loans or other debt. With the leftover, I’m having trouble coming up with a monthly investing plan. I have a Roth IRA and will max for 2022 (VT/VTI). I fund a rollover IRA+brokerage, no traditional IRA. Any thoughts, ideas?

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