About this episode

This episode discusses the implications of borrowing from a 401(k) and its potential impact on long-term retirement savings.

Borrowing from your 401(k) may seem like an easy solution when unexpected expenses arise, but it's important to understand the tradeoffs before tapping into your retirement savings. In this episode of VLP's 401(k) Playbook, Andrew Fincher, CFP®, CEPA®, AIF®, discusses how 401(k) loans work, the potential impact on your long-term retirement savings, and why borrowing from your retirement account may cost more than many participants realize. While a 401(k) loan can be a valuable tool in certain...

People in this episode

Host: Andrew Fincher

Topics covered

• 401(k) loans
• retirement savings
• financial planning
• investment strategies
• personal finance

Keywords

• 401(k)
• loans
• retirement
• savings
• financial advice
• investment
• expenses

Mentioned in this episode

Organizations: VLP Financial Advisors

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