Should You Take a Loan From Your 401(k) Before Retiring?
You can take a loan from your 401(k) plan if necessary, but it runs the risk of jeopardizing your long-term retirement goals, ...
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Thinking About Borrowing From Your 401(k)? Read This First
A lot of people are struggling to make ends meet given our recent bout of rampant inflation. And if you’re someone without ...
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Borrowing from Your 401k: What You Need to Know
When you borrow money from a 401k, investments in your 401k account are sold so cash can be distributed to you upfront.
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Older Student Loan Borrowers Are Parents and Caretakers
Millions of borrowers are in the tough position of owing student loan debt from college while nearing retirement age. New ...
A Recent IRS Ruling Could Affect Your Retirement — What You Should Know, According to George Kamel
In a recent YouTube video, George Kamel, financial expert with Ramsey Solutions, explained that the IRS now allows companies ...
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Thinking About Borrowing From Your 401(k)? Read This First
A 401(k) loan that isn’t repaid on time is treated like a retirement plan withdrawal. If you’re not yet 59 and 1/2 years old, that means you’ll risk a 10% early withdrawal penalty on the sum ...
Over-55s urged to take 'valuable protection' as many take loans approaching retirement
EXCLUSIVE: One in seven personal loan applications are made by individuals approaching retirement, according to research.
You Can Tap Into Your Retirement Savings Early for Disaster Relief -- but Should You?
However, if you can find another way to get the money you need, it's best to do so. Even if you pay back your disaster relief ...
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43-year-old woman calls Suze Orman asking if she can pull from her 401(k) that has $100k in it to pay off loans - hear what she says
A lot of people get into trouble with debt for a variety of reasons. Sometimes, it’s a matter of bad luck, like a string of ...