Young male at my workplace, who pays child support on two toddler age children, with different females, and is engaged to marry the Mother of the second child later this year.
Said coworker borrows 5k out his 401k, takes a week of of vacation, and goes to the local casino with 1k in pocket every day. Loses entire 5k, of course.
I'd love to see what he wrote on the 401k loan application for the purpose of the loan. Maybe “vacation”, which I guess that strictly speaking, would be true.