Does it make sense to borrow from your 401k? Are there hidden taxes? How much can you borrow? Do you have to pay it back? This episode will guide you through the mechanics: who and what to ask and where to look. We'll also cover the Old School Bankers' criteria, the 3 Cs, for making a loan because they are criteria you should review for yourself. We'll reveal how those criteria were ignored in 2008 and where we are today. Check episode 86 of the 401k Owners Manual - now downloaded over 25,000 times... thanks to you.