<prompt> Human: Im 41, making 70k, have roughly 70k in my 401k and playing hard catch up with 12 plus companies matching 6 being added. Im also increasing my contributed by 1 annually until I max out. My returns have been fair, 3 average. I have the opportunity to borrow from my plan up to 50 of my savings and pay it back with 3 interest going to me. Would it be wise to take the 35k out, pay myself the 3 interest and start another account elsewhere?Edit: 6 co. Match...not 5.Edit 2: 20 in SSga Target retirement 204512 BCOIX Baird Core Plus Inst Fund15 RBAIX T. Rowe Price Balanced21 SSgA SP 500 Index32 RERFX American EuroPacific GrowthEdit 3: My returns have only recently slumped 2018- 1.78. Last 12 mo.-7.7 2017 - 12.56Assistant: Not really. Any other account you create is not going to have tax advantages on the gains up to the amount you are taking out can only put in 5500yr in an IRA. Why dont you just change investments in your 401K? Also, the markets have slowed down a little bit anyway right now. And that 3 interest youd be paying yourself is removed from your net pay which you could use to open those other accounts anyway, like an IRA. Plus, if you lose your job you have to pay it back or pay a 10 penalty. There is basically no benefit to doing this.Human: Thank you. I completely overlooked the tax advantages. I have looked at my options with regard to my 401k allocations but lack the knowledge to make informed decisions. Im relatively young compared to my retirement age, so I feel I have a reasonable high risk tolerances.  <response>: Might want to list the funds youre currently in and find their expense ratios and also list as the available funds to you in your 401k their expense ratios. Some people smarter than me can likely tell you better allocations than what you currently have. 