3 Reason Why You Should Never Take Money Out of Your 401k | Ep. 47
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Show Notes
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In this episode of the BetterWallet Podcast, we dive into why people take money out of their 401k to pay for expenses like concert tickets. Marc explains the top three reasons you should avoid this financial trap and the consequences of doing so.
[01:25] Bloomberg article on people taking money from their 401ks
[02:43] Rules on taking money out of your 401k
[05:09] Financially Bulletproof
[06:17] Taxes on your 401k withdraw
[10:18] 401k Loans
[15:00] Possible pitfalls of leaving your job after taking out a loan from your 401k
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