Sometimes we find ourselves in need of additional cash. Whether it's to pay off debt, buy a house, deal with an emergency or finance a project, it can be tempting to take money out of or borrow from our retirement plans. Tune in to learn more about what you should know before you borrow from your 401K. Notes: In this episode Luis speaks about the following and more: <ul> <li dir="ltr" aria-level="1"> The difference between a 401k withdrawal and a 401k loan </li> <li dir="ltr" aria-level="1"> The pros and cons of borrowing from your 401k </li> <li dir="ltr" aria-level="1">Little known tax consequences of borrowing from your 401k</li> <li dir="ltr" aria-level="1">What happens if you have a 401k loan and you lose your job or leave your employer</li> <li dir="ltr" aria-level="1">Alternatives to borrowing from your 401k</li> </ul> Resources: <a href="https://www.linkedin.com/in/luisfrosa/">Luis' LinkedIN</a> <a href="https://twitter.com/luis_f_rosa">Luis' Twitter</a> <a href="https://www.instagram.com/luis_f_rosa/">Luis' IG</a> <a href= "https://www.youtube.com/channel/UCHcLSyWsJqO0kFKfNK-JGHw">On My Way to Wealth YouTube Channel</a> <a href="https://www.onmywaytowealth.com/">On My Way to Wealth Website</a>

Sometimes we find ourselves in need of additional cash. Whether it's to pay off debt, buy a house, deal with an emergency or finance a project, it can be tempting to take money out of or borrow from our retirement plans. Tune in to learn more about what you should know before you borrow from your 401K. Notes: In this episode Luis speaks about the following and more: The difference between a 401k withdrawal and a 401k loan The pros and cons of borrowing from your 401k Little known tax consequences of borrowing from your 401k What happens if you have a 401k loan and you lose your job or leave your employer Alternatives to borrowing from your 401k Resources: Luis' LinkedIN Luis' Twitter Luis' IG On My Way to Wealth YouTube Channel On My Way to Wealth Website

Sometimes we find ourselves in need of additional cash. Whether it's to pay off debt, buy a house, deal with an emergency or finance a project, it can be tempting to take money out of or borrow from our retirement plans. Tune in to learn more about what you should know before you borrow from your 401K. Notes: In this episode Luis speaks about the following and more: <ul> <li> The difference between a 401k withdrawal and a 401k loan </li> <li> The pros and cons of borrowing from your 401k </li> <li>Little known tax consequences of borrowing from your 401k</li> <li>What happens if you have a 401k loan and you lose your job or leave your employer</li> <li>Alternatives to borrowing from your 401k</li> </ul> Resources: <a href="https://www.linkedin.com/in/luisfrosa/" rel="noopener noreferrer">Luis' LinkedIN</a> <a href="https://twitter.com/luis_f_rosa" rel="noopener noreferrer">Luis' Twitter</a> <a href="https://www.instagram.com/luis_f_rosa/" rel="noopener noreferrer">Luis' IG</a> <a href="https://www.youtube.com/channel/UCHcLSyWsJqO0kFKfNK-JGHw" rel="noopener noreferrer">On My Way to Wealth YouTube Channel</a> <a href="https://www.onmywaytowealth.com/" rel="noopener noreferrer">On My Way to Wealth Website</a>

138: What You Need to Know Before You Borrow From Your 401K

Welcome to Build a Better Financial Future—the podcast for high earners who want to make their money work harder. 

Hosted by Luis Rosa, CERTIFIED FINANCIAL PLANNER™ Professional and founder of Build A Better Financial Future. This podcast gives you the insights to help you build wealth, break generational cycles, and achieve financial freedom.

Each month, we explore practical tips to help you grow your wealth, optimize your investments, and make informed financial decisions—without the jargon or outdated advice. Whether you're managing taxes, protecting your wealth, or planning for a legacy, we've got you covered.

Subscribe now to start building the future you deserve—one episode at a time.

Disclosure:
Luis Rosa is an investment advisor representative registered with Savvy Advisors, Inc. ("Savvy").  All investment advisory services offered by Luis Rosa are offered through Savvy. Build a Better Financial Future LLC is an independent marketing brand name used by Luis Rosa for advertising and marketing purposes only.  Build a Better Financial Future LLC and Savvy are not related or affiliated. For more information about Savvy, please visit our website.

All advisory services are offered through Savvy Advisors, Inc. ("Savvy Advisors"), an investment advisor registered with the Securities and Exchange Commission ("SEC").  Savvy Wealth Inc. ("Savvy Wealth") is a technology company and the parent company of Savvy Advisors. Savvy Wealth and Savvy Advisors are often collectively referred to as "Savvy".

For full disclosures please visit: https://www.buildabetterfinancialfuture.com/disclosures

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Welcome to Build a Better Financial Future—the podcast for high earners who want to make their money work harder. Hosted by Luis Rosa, CERTIFIED FINANCIAL PLANNER™ Professional and founder of Build A Better Financial Future. This podcast gives you the insights to help you build wealth, break generational cycles, and achieve financial freedom. Each month, we explore practical tips to help you grow your wealth, optimize your investments, and make informed financial decisions—without the jargon or outdated advice. Whether you're managing taxes, protecting your wealth, or planning for a legacy, we've got you covered. Subscribe now to start building the future you deserve—one episode at a time. Disclosure: Luis Rosa is an investment advisor representative registered with Savvy Advisors, Inc. ("Savvy"). All investment advisory services offered by Luis Rosa are offered through Savvy. Build a Better Financial Future LLC is an independent marketing brand name used by Luis Rosa for advertising and marketing purposes only. Build a Better Financial Future LLC and Savvy are not related or affiliated. For more information about Savvy, please visit our website. All advisory services are offered through Savvy Advisors, Inc. ("Savvy Advisors"), an investment advisor registered with the Securities and Exchange Commission ("SEC"). Savvy Wealth Inc. ("Savvy Wealth") is a technology company and the parent company of Savvy Advisors. Savvy Wealth and Savvy Advisors are often collectively referred to as "Savvy". For full disclosures please visit: https://www.buildabetterfinancialfuture.com/disclosures

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138: What You Need to Know Before You Borrow From Your 401K

138: What You Need to Know Before You Borrow From Your 401K

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