Why it doesn’t make sense to let clients borrow from their 401(k) plans
Breakfast with Benjamin: Most Americans aren't sitting on 401(k) balances that they can afford to skim, yet an estimated 26% have loans outstanding.
- The really bad logic (and math) of borrowing from your 401(k). Meanwhile, an estimated 26% of plan participants have loans outstanding against their retirement plans.‘Most Americans aren’t sitting on 401(k) balances that they can afford to skim.’
- Deutsche Bank sends its CEO packing as part of the second “last ditch effort” to reorganize since May. Shaping the details of the strategy
- The bond market has gotten to the point where it is now daring the Fed to raise rates. Even if the Fed does raise rates, the bond market doesn’t see any adjustments beyond 1.25% before the end of next year. The Fed has a different take.
- Is gold gearing up for another big run? Gold Bug Index
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