https://longevity.stanford.edu/wp-content/uploads/2017/05/new-logo2-01-300x107.png 0 0 mbeals https://longevity.stanford.edu/wp-content/uploads/2017/05/new-logo2-01-300x107.png mbeals2013-08-15 16:11:242013-08-15 16:11:248/13/2013 - Warning Clients On 401(k) Loans (Wall Street Journal)
8/13/2013 – Warning Clients On 401(k) Loans (Wall Street Journal)
Within the past few weeks, adviser Marc Shaffer has heard from two clients looking to tap their 401(k) plans, one for a family emergency and another to purchase land on which to build a home.
As the economy makes a painfully slow recovery, financial advisers like Mr. Shaffer continue to hear from cash-strapped clients who are considering borrowing from their retirement accounts to meet emergency needs or pay for major purchases, like land, homes or business expansions.
Read the full article at The Wall Street Journal.