If dipping into your retirement savings to finally pay off that pesky credit card bill sounds like a good idea, you should probably think twice.
Taking a 401(k) loan can seem attractive for a few reasons: You don't have to qualify. You can get the funds quite quickly. Plus the interest rate is typically around 4% to 5%, far below the typical credit card interest rate.
Should you raid retirement savings to slash debt? - Jul. 11, 2014
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