Gotcha. That makes sense. I’ve never done anything like that and was curious. I just hate the fact that I was contributing to something with no growth potential and that money is just sitting there.
So if I don’t pay, the plan administrator would essentially garnish my wages to pay it back? I just never read anything about that when I was researching. Thanks.
Cubby8 OP t1_jefhrc5 wrote
Reply to comment by Werewolfdad in What happens if my 403b loan defaults? by Cubby8
Ah thanks! I didn’t realize my district had other options.