The 401(k) Playbook: 401(k) Loans - Helpful Tool or Retirement Killer?

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...