414H loan to fund taxable account
Wondering if anyone can provide some advice on whether it makes sense to borrow from my 414H to fund a taxable brokerage account.
Factors to consider:
414H loan would be at under 3% annually.
414H account is in a defined payment plan which has a set/stable gain annually and they structure the loan repayment so that you stay on track.. i.e. pay the money back with interest to cover the annual return of the fund so I won't be giving up any compounded earnings by taking the loan.
My retirement is based on years of service and top earning years, has nothing to do with how much I contributed.
With all of that in mind... does it make sense to borrow from this account to fund a taxable brokerage account? Wondering if with current stock prices it makes even more sense as a long term strategy.