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null

Should I tap my 401k for bschool 2nd yr? Tuition will count as hardship so no early withdrawal penalty

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Don't. Touch. It.

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Hayl no

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Don't do it.

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Don't touch it.

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Depends on the interest rate of your potential loans. If it's below ~5% then you should take the loans because in the long run your 401k will earn more in interest than what your loans will cost you

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take a loan from it instead?

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The hardship rule requires you to show proof that you absolutely are out of resources to pay for school (similar to bankruptcy). The better option would be to take out a loan from your 401k. No questions asked and the interest you pay also goes back into your pocket in the future.

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You can't touch this - MC Hammer 401k

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The loan option sucks. You need to pay back the pre-tax loan with post tax dollars. Don't touch it.

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The loan option sounds like a no brainer. Any resources you'd recommend to learn more? Outside of the Google

Thanks!

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No. take a loan at 7%, which you'll be able to refi to 4% ( even after a few assumed increases). Much better than taking it out of the market at 9% on average.

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No and no

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Can you elaborate on the hardship rule? Currently considering the same move myself

If you have amazing credit get a new credit card with a 18 month 0% interest rate. Pay back with signing bonus.

Your interest on student loans is tax deductible too! Just FYI before you wreck your retirement savings.

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