I’m trying to buy a home and want to understand if I can take a loan out my Salesforce 401k which is run by Fidelity to use for a down payment. I’m okay paying back the 3% interest or whatever back to the 401k in a year. Not really looking for reasons why this is a good/bad idea, just wanting to know if anyone has pulled this off successfully with their company 401k. I’ve rolled over previous company 401ks to Roth IRA’s but never done something like a self directed 401k with current company 401k#investments #personalfinance #salesforce
Many folks do this. It gets done in a week with Fidelity. The amount you can borrow has a limit.
Okay thanks
Just go to fidelity website and read the fine prints
Add your TC? Or google it lol