With more and more retirement plans offering the ability to borrow against your savings, more people are turning to this option without considering the true cost and risks associated with these loans. If something comes up and you have an urgent need for money, your first option should be from your emergency savings. If you don't have an emergency fund, or the funds available aren't adequate, you're probably inclined to tap into that retirement account. Before you do, here are some things to consider when looking to borrow from your 401(k).

What do I really want to do for me? ,