Are 401(k) Loans A Good Idea?

Posted in: Economics, General, Stock Market, Thought of the Week

This week’s Thought of the Week was written by Chief Strategist, Mike Sorrentino. This week Mike talks about borrowing against a retirement fund, such as a 401k, and why it should be avoided at all costs. He stresses that in the long run it can only hurt you financially. Reading this article will be worth your time.

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As an Investment Advisory Representative working in conjunction with Global Financial Private Capital (GFPC) we are provided weekly thoughts on what is happening in the economy and the market. Written by our investment committee at GFPC we find these thoughts to be informative and interesting.