The 401(k) Option word count: 758
You Should Never Take
By Chris Hogan
There’s a trend among 401(k) participants that keeps me up at night. I hesitate to mention it because if you don’t know about it, that’s one less person who’s losing money. Chances are you’ve heard about it, though. It’s the 401(k) loan.
There. I said it. You know about it. Now, let me tell you why it’s such a bad idea.