Is It Smart To Take A Loan From Your 401K? 
With all financial transactions you must weigh the benefits against the costs . The first thing you must do is determine if your employers program will allow a loan to you for the purpose you need it . Then you should check on any taxation issue . Next , will the costs related to the loan exceed the value of the loan . Lastly you should plan a program to repay the loan in order to restore the account so that it can continue to grow until you retire . 