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Podcast: Optimal Finance Daily - Financial Independence and Money Advice
Episode: Understanding 401k Loans by Mike Ballew of EggStack on Double Taxation & Financial Ruin
Description: Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2636:Mike Ballew of EggStack.com delves into the intricacies of 401(k) loans, highlighting the consequences such as lost investment opportunities, the impact on future contributions, and the double taxation dilemma. Ballew advises against 401(k) loans, suggesting lifestyle adjustments or hardship withdrawals as preferable alternatives, underlining the importance of preserving retirement savings for financial security.Read along with the original article(s) here: https://eggstack.com/blog/2021-06-13...