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Tag: 401(k) loan

5 Tax Changes You Should Know About Before April 15
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5 Tax Changes You Should Know About Before April 15

  • Posted on February 12, 2021July 26, 2022
  • by BrightDime

Tax day is getting nearer so it’s time to review some of the biggest changes to your taxes this year. An important note: when you file your taxes on or…

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Know the Risks of a 401(k) Loan Before You Borrow
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Know the Risks of a 401(k) Loan Before You Borrow

  • Posted on November 28, 2020July 26, 2022
  • by BrightDime

Taking a loan from your 401(k) plan may seem like a good idea when you’re hit with a financial setback, especially when borrowing money from a bank may be difficult…

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Should I take a loan from my 401(k)?
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Should I take a loan from my 401(k)?

  • Posted on July 31, 2020July 26, 2022
  • by BrightDime

Your 401(k) plan is money meant to be used in retirement. Most financial advisors say that borrowing from your retirement plan should only be considered as a last resort, after…

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