Money Borrowing from your 401(k) is easy. But should you really break open that piggy bank? May 20, 2019May 30, 2019 Tanisha A. Sykes, Special to USA TODAY Comments Off on Borrowing from your 401(k) is easy. But should you really break open that piggy bank? Nearly 3 in 10 Americans dip into retirement savings, says Transamerica. It pays for higher education, lowering debt and covering medical costs.