Earlier, I wrote about some of the common 401(k) mistakes that that can hurt your retirement nest egg. In this article, I list a few more common 401(k) mistakes that every 401(k) participant should be aware of and avoid whenever possible. Borrowing from your 401(k) Consider the merits and demerits of borrowing from your 401(k) […]
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Pros and Cons of borrowing from your 401(k)
Borrowing from 401(k) is the most attractive and widely practiced way of raising liquid cash at the time of need. Why is it so popular? Because it is perceived as the quickest, simplest and cheapest way to raise money and therefore people find it attractive and consider it as the ultimate choice to meet their […]