Timothy Sumer

In this video I go over 401k loans, 401k loan repayment, how to borrow from your 401k, 401k withdrawal strategies. Should you use a 401k loan? how much can I borrow from my 401k? For a FREE Medicare Plan Review to find out if you picked the right plan for 2020: To find a Health Insurance Plan in your Area: To Schedule a Medicare Review with Matt: To sign up for a Health Matching Account: For more resources: Link for Wade PFau's Book: Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement Earn 2 Free Stocks (valued at up to $1400) when you deposit $100: To see what I am using to film please see the amazon links below: This is the WebCam I use for Online meetings and Screen Recording: Logitech 930 WebCam: This is the Headset I use for Online Meetings and Screen Recording: Sennheiser Office Runner Headset: This is my Main Camera: Cannon M50: This Main lens Sigma 16mm 1.4 fStop: This is the TriPod Smart Phone Converter: This

One of the cheapest ways to borrow money is borrowing from your own 401k account . Note that your employer /custodian controls the ability to borrow. Check with your own account to see the options. 0:00 Background 1:04 Fidelity Account Example 1:57 Principal Account Example 2:35 Summary and Final Thoughts My Referrals: Venture X Credit Card: Chase Sapphire Preferred Credit Card: One Finance Checking/Savings Referral: ... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Borrowing from your 401k can be a tricky task. However, it is not impossible to do. In this article, we will discuss two of the most popular 401k providers, Fidelity and Principal, and walk you through the step-by-step process of borrowing from your 401k. Step 1: Check your 401k plan The first step in borrowing from your 401k is to check your plan. You ne