by Patrick Appel

Felix Salmon reacts to news that "by the end of the second quarter, 22% of [Fidelity's] 401(k) participants had borrowed against their accounts." He thinks 401(k) contributors should make more conservative investing choices:

Very few people are so well off that they can be certain they’ll never need to tap their retirement funds before retirement. The rest of us should be a bit more realistic about that possibility, and invest accordingly.

Megan goes in another direction and discourages borrowing against your 401(k) in the first place. Her follow up post is here.

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