So you’re thinking of putting your 401k up as collateral for a loan - or you’re simply thinking about ways to raise funds without mortgaging your future away. Ask yourself these questions to see if you’re ready to mortgage your nest egg:

Are you willing to give up hundreds and thousands of dollars your investment would have made?

Are you sure there is no other way to get the money you need. What about a home equity line of credit or loan?

No matter what you choose, at least consider the pros and cons of doing something such life changing. Good luck!