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Are You Considering Borrowing From Your 401K?

Have you thought about borrowing from your 401K? You are allowed to borrow against your 401K for various reasons. You are charged interest for taking out the loan, but you pay the interest to yourself. For this reason many people feel that this is a good way to get extra money from time to time. However this can be a dangerous practice. In some ways you are stealing from your retirement, to finance your life now. Yes you do pay yourself back, but you run the risk of not being able to retire comfortably. Once your money is in your … Continue reading →

Money Week in Review June 3-June 18

We have covered several topics in the last few weeks. There are a wide variety of articles available to help you. Favorite Money Savings Tips shares five easy ways to save money. This article covers everything from groceries to gas. You can learn to make the most of your credit cards in Negotiating Credit Card Rewards. Debbie offers some great tips to help you ear better rewards. Have You Considered Downsizing? discusses the changes that you may make in order to live comfortably both now and in the future. This article focuses on why you may change and specific areas … Continue reading →