Latest / The College Investor Audio Show
401k Loans: The Good, The Bad, The Ugly
Looking for a fast and easy way to finance an upcoming purchase? A 401k loan is one of the most readily accessible forms of financing for diligent investors who have lots of cash socked away for retirement.
The term "loan" can be a bit misleading. Unlike just about every other type of "loan," there is no lender involved with a 401k loan. In fact, it doesn't even require a credit check. With a 401k loan, you're borrowing from yourself and repayments (with interest) are all paid right back into your employer-sponsored or Solo 401k plan.
Because of its unique features, a 401k loan can be one of…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.