• AA5B@lemmy.world
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    1 year ago

    No.

    – employer matches typically have a vesting period where it’s not yours to withdraw

    — actual withdrawal means paying the taxes you skipped plus a penalty

    – loans can be useful, but you have to pay yourself back and meanwhile that money is not invested.

    – loans have a low interest rate, so your loan to yourself is making almost nothing compared to if it was left in an investment

    – loans need to be payed back immediately if you leave the company for any reason, otherwise it’s an early withdrawal with all those taxes and fees