2636: Understanding 401k Loans by Mike Ballew of EggStack on Double Taxation & Financial Ruin
b'Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.\\nEpisode 2636:\\nMike Ballew of EggStack.com delves into the intricacies of 401(k) loans, highlighting the consequences such as lost investment opportunities, the impact on future contributions, and the double taxation dilemma. Ballew advises against 401(k) loans, suggesting lifestyle adjustments or hardship withdrawals as preferable alternatives, underlining the importance of preserving retirement savings for financial security.\\nRead along with the original article(s) here: https://eggstack.com/blog/2021-06-13-Understanding-401(k)-Loans/\\nQuotes to ponder:\\n"A 401(k) loan is a bad idea. Not only does it do significant harm to your retirement savings, it places you at risk for a calamity that could lead to your financial ruin."\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'