The majority of 401(k) providers offer a loan provision that allows participants to loan themselves money from their 401(k)’s at a relatively low-interest rate. We often get questions about whether it’s a good idea to loan yourself money from your 401(k). While it can seem attractive on the surface due to low-interest rates in addition …
Frequently Asked 401(k) Loan Questions…Answered! Read More »
The emergency fund is a basic risk management tool that everyone should have in place. It’s fairly simple, and easy to implement once you understand why it’s a staple for any financial plan. It’s essentially a cash pile for you to fall back on should an “emergency” ever occur, hence the name. According to Bankrate’s …
Ever since 2008 we’ve lived in a low-interest-rate world. “Easy money” as it’s called. From a borrower’s perspective, it’s been a great time to finance a home, car, or business to lock in a low-interest rate. As the U.S economy slowly but surely moves towards higher interest rates in the future, the rate increases will …
Impact of Rising Interest Rates on Personal Finances Read More »
