• 401K Loans: The Pros and Cons, Ep #167

  • Jul 22 2024
  • Length: 26 mins
  • Podcast

401K Loans: The Pros and Cons, Ep #167

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  • Summary

  • Lately, I’ve been getting a lot of questions about 401K loans and whether or not they’re worth it. People are asking things like, “How do you take out the loan? How does paying it back work? Should we ever consider it? What are our other options?”

    I’m a financial planner. My job is to give you all of the information necessary so you can make informed decisions. Because at the end of the day, these decisions are yours. So, in this episode of the Retirement Made Easy podcast, I’m going to give you the full picture and let you decide.

    You will want to hear this episode if you are interested in...
    • [3:10] Check out our website for FREE resources
    • [4:45] The basics of 401K loans
    • [7:55] The risks of taking a 401K loan
    • [14:06] Dipping into a Roth IRA
    • [15:49] Alternatives to a 401K loan
    • [19:34] Consider short-term and long-term goals
    Resources & People Mentioned
    • 3 Steps to Retirement Planning
    • Check out our website for FREE resources
    • The 5-year Roth IRA rule
    • Episode #118: 3 Types of Accounts You Want to Have to Save for Retirement
    Connect With Gregg Gonzalez
    • Email at: Gregg.gonzalez@lpl.com
    • Podcast: https://RetirementMadeEasyPodcast.com
    • Website: https://StLouisFinancialAdvisor.com
    • Follow Gregg on LinkedIn
    • Follow Gregg on Facebook
    • Follow Gregg on YouTube



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