Re: Scary article on retirement planning.

Thus said JC Dill <[EMAIL PROTECTED]>:
>If you want a *really sweet* deal, get your retirement fund setup
>somewhere  where you can borrow money from the fund, and pay it back
>with interest.  Then take a loan from the retirement fun to help buy a
>house.  Now when you pay interest on your homeloan, you pay it to
>yourself!

However, you pay the interest with after-tax dollars, but you get
taxed on that money again when you withdraw it.  Also you lose out on
whatever other investment gains that money would have made, and if you
change jobs you'll find that loan is typically immediately due and
payable in full.

Borrowing from your retirement account is generally not a good idea.