<prompt> Human: im considering taking out a small loan from my 401k -- ballpark of about 5K. i have had a very strong start of the year and since my 401k does not offer a money market fund to realize gains, i believe the loan would be a safe way to pull back on my stock exposure while also helping me with some near term money needs. i would set the loan term to be 12 months and would not scale back my current contribution rate. essentially i would be guaranteeing myself a 4.25 return on that money while also continuing to contribute towards the annual max of 17.5K. by the way, the money would be used partially to pay off about 600 in CC debt at a 14.9 interest rate and partially towards paying for an engagement ring. i would have to finance the ring in any scenario, so i figure i might as well pay myself in the process. am i missing something here, or does this make sense? i know i am borrowing from peter to pay paul but it feels like this is a decent strategy given my need to finance the ring. tl;dr - im considering borrowing 5k from 401k to pay off my CC and pay for an engagement ring  <response>: If you make 120kyear saving 5k takes you what, a month? Just save the money. 