Quote:
Originally Posted by Casey2296
In many cases you can get a loan against your 401K and pay yourself back with the interest going to you. Not that I'm advocating that to buy sports cards.
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Yes, you can take a loan, but...
You have to pay it back within 5 years in substantially equal payments at least quarterly.
And there are pretty low limits to the amount that you can borrow. Basically the max you're going to get is $50k, and the limit could be lower for a lot of people. It's not nothing, but you're not going to buy many 52T Mantles with it.
Needless to say, there's not much of a long-term hold strategy here.
I guess if you're extra enterprising, you can put the card into the vault and borrow from the vault and use that to repay your retirement account loan. Or even better, use the vault loan to buy more cards!