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Archive for April, 2017

Disadvantages Of Borrowing Against A 401K

5 Reasons To Never Borrow Against Your 401K We have all heard various investment strategists discuss the benefits of borrowing from our 401k plans. Lower interest rates and paying yourself back (with interest!) are the two biggest benefits to this type of loan. While it may seem like a sound borrowing technique, there can be some significant negative effects of taking out a participant loan on your long-term retirement savings plan. Knowing the risks can help you make the right decision for your situation. Here are 5 reasons to never borrow against your 401k. Plan Savings Come To A Halt Most retirement plans have stipulations that prevent borrowers from making additional contribution

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