3 Reasons It Makes Sense to Borrow From Your 401(k) and 4 Reasons It's a Terrible Idea
The dos and don'ts of life are rarely black and white. What's right for one person may not be right for another. That's certainly the case with borrowing from a 401(k). Ideally, no one would ever need to borrow from their retirement account, but that's not realistic. Here, we look at three reasons a person may turn to their 401(k) for funds and four reasons to avoid disturbing the account, if at all possible.Image source: Getty Images.Life can sometimes get messy, and quick access to money may seem like the only way out. Here are three scenarios in which borrowing from a 401(k) could make sense.Continue reading
The dos and don'ts of life are rarely black and white. What's right for one person may not be right for another. That's certainly the case with borrowing from a 401(k). Ideally, no one would ever need to borrow from their retirement account, but that's not realistic. Here, we look at three reasons a person may turn to their 401(k) for funds and four reasons to avoid disturbing the account, if at all possible.
Image source: Getty Images.
Life can sometimes get messy, and quick access to money may seem like the only way out. Here are three scenarios in which borrowing from a 401(k) could make sense.
