3 times its ok to take a loan from a 401k | Retirement planning

by | Aug 12, 2022 | 401k | 42 comments

3 times its ok to take a loan from a 401k | Retirement planning




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42 Comments

  1. Addis Chelsea Cherkose

    Thank you brother!! this is 100% all about my question. I got the exact answer from you!!!!!!!!

  2. Fernando Esteban

    Fidelity has always been doing exploit been an investor of theirs for years now. Meanwhile I’m also a dividend investor, my wife and I have invested in the s&p500, both through my TSP with the government and through fidelity in her 401-k. Cashed out 370k from the S&P and invested with a full service broker.. Until about 3years ago we were 100% in the s&p after over 30 years. I’m retiring at the end of the month at 59, while my wife will retire next year at 54. We currently have 8 million in out tax deferred savings.

  3. Dr Sami Saad

    Try BCL retirement plan and thank me later. Best way to build up wealth.

  4. Jori Sheats

    Does the loan check come sooner than 7-10 days?

  5. Linval Blackwood

    If you are not working and withdraw funds from your 401k, do you have to file it with your income tax.

  6. Oege’s Auto

    Would you use 401K money to start a business? Maybe a loan that way ?

  7. Patrick

    It's 401(k) not 401K

  8. Bill Francia

    Only borrow from
    401k if you will invest it on something that will provide you with a better yield .

  9. Martin Simpson

    Once I noticed he only had 3 fingers on the right hand I got distracted

  10. Es-Cada Dia-Bro

    To the people saying it’s bad cus your gonna end up paying double taxes on it, if your using this loan to pay off for example a car payment in full. You’d still end up saving all that money on the interest in the car payments which year over year is more costly than the double taxes. Or am I missing a step ?

  11. 77kthomas

    Might yolo on a car that I couldn’t afford otherwise thanks to my IRA it’s an older car a the value grows on that car 8% per year so to me that makes it not a bad investment and technically not a loss

  12. Cato the Younger

    You should also mention that 401k loan interest is paid back TO YOURSELF. All of the payment goes back into your 401k. So the interest is a non factor really

  13. Bruce D.

    Using your disability as a marketing tool in my opinion is not good. Why do it?

  14. Vasiliy B

    Nowhere in the comments do I see "… but you do repay the loan with after-tax dollars plus interest". That would be another negative to using 401K Loans, no? Any bank loan will beat your federal/state tax rate, no?

  15. Money Manny

    What about school?

  16. LAX jack's

    Got a 820 credit score from. 450 after consultation with Guildunlocks who fixed my score for me and placed it on permenant score

  17. LAX jack's

    Got a 820 credit score from. 450 after consultation with Guildunlocks who fixed my score for me and placed it on permenant score

  18. LAX jack's

    Got a 820 credit score from. 450 after consultation with Guildunlocks who fixed my score for me and placed it on permenant score

  19. LAX jack's

    Got a 820 credit score from. 450 after consultation with Guildunlocks who fixed my score for me and placed it on permenant score.

  20. LAX jack's

    Got a 820 credit score from. 450 after consultation with Guildunlocks who fixed my score for me and placed it on permenant score.

  21. LAX jack's

    Got a 820 credit score from. 450 after consultation with Guildunlocks who fixed my score for me and placed it on permenant score.

  22. LAX jack's

    Got a 820 credit score from. 450 after consultation with Guildunlocks who fixed my score for me and placed it on permenant score.

  23. LAX jack's

    Got a 820 credit score from. 450 after consultation with Guildunlocks who fixed my score for me and placed it on permenant score.

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    I reach them on their website trading with them. I'd the best life had offered me

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    How did you profit from. The team I need inquiry on this

  29. Titiana Yunex

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  30. Brandon Parker

    Wow. Youre a douche. No info just trying to get new custos

  31. Charles Spencee

    Holy shit. I jist notcied your hand

  32. Jason Arnold

    I will really like more details on this, I'm new to trading and I don't understand how it really works. Can someone guide me on the right approach to investing and making good profit from trading?

  33. Walter Louis

    I will be retiring in 4years and i don't think i have enough to retire. Been looking out on how to invest some of my savings. Anyone to help out?

  34. Jorge Trevino

    401 loan 20k to pay off mortgage is ok?

  35. Anastacia Juarez

    But can you not just transfer your retirement money to another job

  36. Jaewon Lee

    Bro, where's your 5th finger :O??

  37. Rashad Almilad

    "3 times :
    1. When u need money
    2. When u need money
    3. When u need money "
    Did I get this right?

  38. Rey Salazar

    Can I withdraw 10,000 out of my Roth to remodel my exting home?

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