401k loan

Borrowing Against Your Retirement: More Costly Than You Think!
Team SummitBudgeting & Debt, Employee Financial Resource Center, Retirement PlanningComments are off for this post
Participating in the company’s retirement plan is a smart and important decision! Smart because you are putting away small amounts today for a comfortable retirement later. As your account begins to grow, it may be tempting to “dip into” your retirement savings by taking a loan against your retirement plan to pay your annual taxes,  Read More →
Three Things to Know Before Taking a 401(k) Loan [Video]
Team SummitEmployee Financial Resource Center, Financial Planning, Retirement PlanningComments are off for this post
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When an emergency expense arises, many people turn to their retirement plan for quick cash. However, withdrawing funds earmarked for retirement can have much greater implications than one may realize. Tune in to this brief video from Fidelity to learn three things to be aware of prior to requesting a 401(k) loan. Securities and investment  Read More →

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