Via The Motley Fool By Catherine Brock Whether you’re consolidating debt or replacing the transmission in your car, a 401(k) loan can provide the low-cost funds you need, fast. After all, you have access to 50% of your vested balance or up to $50,000, whichever is less. And, you’d be borrowing from yourself, which feels better than borrowing money from the bank. That’s the good … Continue reading 4 Mistakes to Avoid When Borrowing From Your 401(k)

Via Kiplinger By Randy Lupi About 10 years ago I met with a client — she was a teacher and a single mom hoping to put her kids through college. At 56, she was almost past the average retirement age for teachers in her state, yet it was clear she wasn’t going to be retiring anytime soon — not only because of the tuition bills … Continue reading Yes, You Can Buy a Home, Start a Family AND Pay Off Your Student Loans

Via ThinkAdvisor By Gary Anetsberger We all know that saving for retirement is important. As a society, we are living longer than we expected, and this sometimes means that we did not save enough during our working years. Living longer lives is of course a wonderful thing, but it also means that nearly everyone has an opinion on how much to save, through what vehicles, … Continue reading (Mid-America Pension Rights Project): Will the Retirement Crisis Change Our Attitudes Toward Saving?

Via CNBC By Lorie Konish Stocks had a rocky close to 2018. That doesn’t mean your required minimum distribution from retirement accounts will be lower this year as a result. RMDs, as they are commonly known, are the minimum amount individuals who are age 70½ and older must take out of their retirement funds such as individual retirement accounts or workplace-based accounts such as 401(k) … Continue reading (Mid-America Pension Rights Project): How retirees can make required minimum distributions pain free