401k Loan Pros vs Cons

#schoolofpersonalfinance #personalfinance #financialeducation #financialplanning #financialfreedom

In this episode of Ask Rich we have a viewer question about taking a loan from a retirement account like a 401k or a 403b to use as the down payment on purchase a house.
I talk about what you need to consider when taking a loan from a 401k or 403b plan along with the pros and cons. I also throw my two cents in about taking loans from retirement plans.

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To Becoming Great with Money,
Rich McCormack, CFP®
School of Personal Finance

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