Question
Should i borrow from my 401k?
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11th Nov 2009 by Gary
To me, unless it's a life or death situation, I would never touch my 401k. The time you lose in builiding up a good retirement can simply never be recovered once you start taking funds from your retirement fund. The best practice is to put off what you want in order to build up a strong retirement fund for you and your family. If you can't afford it, you don't need it. That's the attitude to take to be successful with a 401k.
To me, unless it's a life or death situation, I would never touch my 401k. The time you lose in builiding up a good retirement can simply never be recovered once you start taking funds from your retirement fund. The best practice is to put off what you want in order to build up a strong retirement fund for you and your family. If you can't afford it, you don't need it. That's the attitude to take to be successful with a 401k.
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10th Nov 2009 In Retirement
1 Answers | 122 Views
Subjects: 401k,