…primary home In every case, it’s up to your employer and the plan custodian to approve your request for a 401(k) hardship withdrawal. 401(k) Loans Must Be Repaid, but 401(k)…
…conventional financial wisdom, I’m used to that, so here goes… 401(k)s are a scam. Want proof? Here Are Six Reasons Why 401(k)s Are a Scam… Reason #1: The 401(k) Tax-Deferral…
…your life insurance policy with a policy loan. Which is better: 401(k) loans or life insurance loans? You’ll find conflicting advice. Some experts say 401(k) loans should be your first…
…deal with all this? Are there good alternatives to 401(k)s?” Let’s take a look at the drawbacks to 401(k)s and good alternatives to them. The 401(k) drawbacks include: Unpredictable market…
Why should you be extremely wary if you’re considering getting cash by tapping your 401(k) plan? Typically, 401(k) loans mire you in red tape, with “gotcha” fine print and some…
…History of the 401(k) Plan and Ted Benna’s Contribution to It Section 401(k) was added to the Internal Revenue Code in 1978 to allow taxpayers to postpone paying taxes on…
…“401(k) plan managers who sign off on pricey funds could cost their workers tens of thousands of dollars over the long haul”. Frightening 401(k) Fact #3: Most 401(k) participants vastly…
…Williams borrowed against his 401(k) plan to help put his son through college. But there are many problems with 401(k) loans. In fact, we did a full exposé on the…
…401(k) says it’s a monster that should be destroyed. But the pandemic, shutdown and resulting economic downturn have exposed dangerous cracks in the 401(k) system. I’ll explain three of them…
…deduction for 401(k) contributions. And one proposal would also change the tax-deferred nature of 401(k)s by imposing a 15% tax on your annual gains. Why would Congress consider tinkering with…