No More 401K Loans!
May 22, 2012
Car Title “Loans”
May 22, 2012
Show all

Don’t Raid That 401K

Many people will dip into their 401k to get money to catch up mortgage payments or to deal with some other financial emergency. More often than not, this is a huge mistake. If you failed to solve the problems that led to the financial emergency, it will happen again. You will be left without a retirement, as well as losing a house, car, etc. Moreover, you will be hit with taxes and penalties in the amount of nearly 50% of your withdrawal. Don’t throw away your future.

Comments are closed.