Pros and Cons of a 401k Loan

1 year ago
71
401k loans 401k 401k loans explained how do 401k loans work pros and cons of 401k loans 401k loan process 401k loans pros and cons investing retirement should you borrow from 401k

401k loans are attractive because you don’t need to have good credit, you get low interest rates, and you pay interest to yourself instead of a creditor. Basically, you’re your own bank.

Because of this, people often take out a 401k loan to pay for a down payment on a house, fund a new business, or pay down high interest.

But, just because something looks good on paper, doesn’t mean it’s the best choice.

401k Related Videos

🔴 401k Losing Money? [What to Do Now] https://rumble.com/v1iyqsp-401k-losing-money-what-to-do-now.html

🔴 Rollover Options for Your Old 401k Plan https://rumble.com/v1izf0n-rollover-options-for-your-old-401k-plan.html
✅ Don't forget to SUBSCRIBE!

✅ Check out our site for more tips https://stopbeingsold.com/

Loading comments...