Published December 19, 2016
Most of us have probably been there: An unexpected cost arises or our budgeting strategy doesn’t quite work out as planned and we need some extra cash. Fast. For some people, their first thought is: “What about that money I’ve been saving in my 401(k)?”
Many Americans will consider a 401(k) loan as an option, but there are important issues to be aware of before making this choice. In this video financial advisor, Daniel Haverkos discusses the dark side of taking a 401(k) loan. He walks you through the basic pros and cons of taking this type of loan to help you make the best decision for your financial life.
Watch it here:
