The pros and cons of 401(k) loans

https://is1-ssl.mzstatic.com/image/thumb/Podcasts112/v4/be/76/bb/be76bbca-5896-24cf-0812-87d1fcc90498/mza_11330746016827851880.jpg/600x600bb.jpg

Money Unscripted

Fidelity Investments

31 episodes

1 day ago

On Money Unscripted, we share your stories and get helpful money insights from Fidelity pros. From careers to caregiving, paying for college to planning for retirement, it’s the personal side of finance–jargon and judgment free. Join host Ally Donnelly every other Tuesday, because it’s your life–get your money’s worth. Have a question, comment or episode idea? We’d love to hear from you! Email us at moneyunscripted@fidelity.com. Join us at Fidelity.com/MoneyUnscripted. Investing involves risk, including risk of loss. Fidelity Brokerage Services LLC, Member NYSE, SIPC(https://www.sipc.org/), 900 Salem Street, Smithfield, RI 02917

All content for Money Unscripted is the property of Fidelity Investments and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Investing

Education,

Business

The pros and cons of 401(k) loans

Money Unscripted

15 minutes 31 seconds

1 year ago

The pros and cons of 401(k) loans

Maybe your car breaks down or an unexpected medical bill pops up. You need money and don’t have enough in the bank. What if you borrowed the cash from your 401(k)? On this episode of Fidelity’s Money Unscripted, join host Ally Donnelly for a deep dive on 401(k) loans. We look at how they work, how much you can borrow and what to consider before tapping your retirement savings. Thinking about a 401(k) loan? https://www.fidelity.com/viewpoints/financial-basics/taking-money-from-401k?ccsource=401kLoan_pod How to save for emergencies: https://www.fidelity.com/viewpoints/personal-finance/save-for-an-emergency?ccsource=401kLoan_pod View all episodes here: https://www.fidelity.com/learning-center/money-unscripted. New episodes drop bi-weekly on Tuesdays. Have a comment or episode idea? We’d love to hear from you! Email us at moneyunscripted@fidelity.com. Be sure to follow, like, and share Money Unscripted! © 2024 FMR LLC. All rights reserved.