The Pros Of Taking Out A 401k Loan 🤔

Are 401k loans bad? Are 401k loans a good idea? We're talking all things 401k loans today including the repayment process, using a loan to payoff credit card debt, and more! Discover the truth about 401k loans and whether you should take one out. In this video, we'll discuss the pros and cons of borrowing from your retirement savings and the potential impact it can have on your financial future. Don't miss out on this important information about maximizing your gains!

0:00 - 0:51 Intro to Are 401k loans a Good Idea?
0:52 - 1:06 Is this a good time to take a loan from your 401k loan?
1:07 - 2:05 Use a 401k loan to pay credit card debt
2:06 - 3:04 Missing out on stock market gains with a 401k loan?
3:05 - 3:49 Look at your finances as a balance sheet
3:50 - 4:43 Using a 401k loan to payoff your line of credit

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