Borrowing

Borrowing Against Your Retirement: More Costly Than You Think

Borrowing Against Your Retirement: More Costly Than You Think

As your account begins to grow, it may be tempting to “dip into” your retirement savings by taking a loan against your retirement plan to pay your annual taxes, repair a leaking roof, catch up your everyday pile of bills, and so on. And while the decision to take a plan loan is yours to make, we want to make sure that you consider what it will really cost.