- It doesn’t affect your credit score. Your 403(b) loan is technically not a debt, so it doesn’t affect your credit score and your chances of getting approved for a traditional loan.
- You don’t have to return early withdrawal. If you cash out on your retirement savings, you don’t have to return the money to your account.
- You’re taxed twice essentially. Your loan repayment comes from your after-tax income, and then you pay full income tax when you get your distributions. Ler mais