Once made, deferral elections are hard to alter (and your plan may not even allow changes). Therefore you want to be sure you get your elections right the first time. This article explains the points you should carefully consider before putting pen to paper.

Any type of loan that uses the account as collateral, or any form of distribution separate from the elected distributions, would…

Assuming you were not an employee at the time of the deferral, the 1099-MISC reporting rules…