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[-] fruitycoder@sh.itjust.works 11 points 6 months ago

You can also borrow against it sometimes. Basically b3ing a low interest loan to your self with the fees being lower than the penalties

[-] johannesvanderwhales@lemmy.world 8 points 6 months ago

You have to pay it back within 5 years, though.

[-] fruitycoder@sh.itjust.works 4 points 6 months ago

100% its a loan. Useful for things like down payments or cars, etc. Things that help you save money/make money reliably enough to pay it back.

Still better interest then any other loan too

[-] MsPenguinette@lemmy.world 3 points 6 months ago

Or have to pay off the entire loan within a year of leaving the job

this post was submitted on 05 Mar 2024
1399 points (97.6% liked)

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