Becoming Financially Confident
401(k) Loan Costs: Double Tax, Lost Growth, Job Loss Risk
56:54
Thinking about borrowing from your own 401(k)? This episode covers the four costs most people miss, plus a scam tax twist and the Zelle trap.
In This Episode
✓ A pig butchering victim who lost $600,000, then got a $225,000 IRS bill
✓ The friend who pays for everything, and the red flags to watch for
✓ The 401(k) loan: four costs of paying yourself back
✓ A $4,000 hybrid premium and five…