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Message: <blockquote data-quote="Raido Free America" data-source="post: 3891180" data-attributes="member: 45328"><p>One potential benefit of having a 401k, that I have not seen mentioned here is, when your balance gets substantial, most programs allow you to borrow up to 50%, or what ever their limit is, from YOURSELF! Then you pay your payments , including interest, back into YOUR 401k account! There is a small paperwork fee, but other than that, YOU pay all that interest to yourself, instead of some bank! WARNING, don't take money out of your 401k! By the time you pay the 10% penalty, than state and federal income taxes on this money, and add this amount to your regular income amount, that could put  you in a higher tax bracket, it could cost you 50% of what you kook out!</p></blockquote><p></p>