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Should you borrow against your 401k if you plan to repay with interest? Today I explain if one listener found a smart way to stuff money into his 401k.
I kick today’s show off with some listener emails. One asks if it is wise to invest money borrowed against their 401k intending to repay with the 5% interest and stuff more money into their 401k. Larry is concerned the market is too high to consider a Roth IRA conversion. Should Larry wait to move forward with his plan? Other topics include:
• Picking funds inside your 401k
• The Bitcoin “bubble”
• Getting your kids to learn, save and work despite the money in your estate plan
• Investin
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By Chad Burton
4.3
6767 ratings
I kick today’s show off with some listener emails. One asks if it is wise to invest money borrowed against their 401k intending to repay with the 5% interest and stuff more money into their 401k. Larry is concerned the market is too high to consider a Roth IRA conversion. Should Larry wait to move forward with his plan? Other topics include:
• Picking funds inside your 401k
• The Bitcoin “bubble”
• Getting your kids to learn, save and work despite the money in your estate plan
• Investin
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