<prompt> Human: 40 years old, single, no kids. 2 dogs. Make 85k per yearAssets:85k in 401 K as followsVIEIX - 58k VPMAX - 17k VFIFX - 10kI contribute 10 and my company matches the first 6.Liabilities:14k split between 4 credit cards at 20. 4.7k student loan at 5.1. 6k 401k loan at 3.25. Monthly Expenses:Take Home 3300 Rent - 1500. I live in a major US city which is why my rent is so high. Home ownership isnt really a goal or a desire. I dont have a car. Food, drink, household items, entertainment, etc. - 600 Credit cards - 600 401k loan - 230 Student loan - 90 Internet - 75 Cell phone - 75 Utilities - 100 Medical - 80 FSA for 1k per year---Now heres the problem: Im treading water on my high interest credit card debt. Im starting to look towards retirement. Im saving for retirement, but I could be saving a lot more without that debt. Heres the plan:Due to a tax refund 4k and a bonus at work 6k, I will be getting about 10k lump sum within the next 6 weeks or so I realize my withholding is a bit high, but theres a long story behind that and I dont want to get into all that right now.What I want to do with the money is pay down my 401k loan 6k so I can take a new 401k loan out to pay off my credit card debt and do some other things. Im only allowed one 401k loan at a time. The new 401k loan would be for 15k at 3.25 for 5 years 250month.Ill have 19k cash after receiving the loan...15k from the loan and 4k left over from the original 10k. With that 19k I plan to do the following:14k - pay off all credit card debt 3k - put in Roth IRA 1k - money market account. 1k - bitcoins to hold as a high risk investment. Please dont turn this into a big issue. Im aware of the risk and perfectly OK if this turns into 100 or less. My emergency fund cushion would be the money market account, the IRA, and the unused credit. I figure this will leave me with an extra 500-600 per month that I can use towards the Roth IRA and another brokerage account to invest some money until I have enough to pay off the 401k loan early hopefully within 2-3 years instead of 5. Then after that I can up my 401k contribution to 15 or more, max out my Roth IRA every year, establish a real emergency fund, and still have some left over for the brokerage account. Thoughts? Edit: You guys do realize the 3.5 on the 401K loan is paid to myself, right?Also, like I said, please dont focus on the bitcoin thing. It doesnt mean all my other decisions are poor and like I said its only a thousand bucks. Were talking like 1 of my current portfolio...Im a lot more focused on the other 99. Thanks. Assistant: Unless you plan on maxing out your 401k and IRA every year from now until you retire, theres no rush to put money into the IRA right away, and I cant fathom why you would borrow from your 401k at 3.25 to put money into an IRA.Its probably a better idea to pay off the credit card debt with as small a 401k loan as possible. If you want to borrow from your 401k to do bitcoin and a 1k emergency fund, well, thats not what Id recommend but thats your decision.A little known fact is that you can rollover your employers contributions to your 401k into a rollovertraditional IRA even while you are still employed. So if you were wanting to fund the IRA to get better investment options than are available with the 401k, do that rollover instead. Theres no way the 401k options are 3.25 worse than what youll get in your IRA.Human: Thanks. Thats exactly why Im interested in the IRA. My investment options in the 401k are very limited and IMO not very good.  <response>: No matter what your investment options are in the 401k, theyre a lot better than bitcoins. 