More U.S. adults said their monthly expenses exceeded their monthly income in December, according to a report released this week. Read More...
MarketWatch
I ruined my family’s finances by withdrawing from my 401(k) to buy a house — and I regret it
See: I’m a single dad maxing out my retirement accounts and earning $100,000 — how do I make the most of my retirement dollars? Keep in mind, however, that loans from your employer-based retirement plans are also risky — if you were to become separated from your job, for whatever reason, you’d be responsible to pay it back or it would be treated as a distribution. “I wouldn’t advise this or [have] done it this way, but he’s not stuck and it’s not detrimental — it’s just a tough lesson to learn,” said Jordan Benold, a certified financial planner at Benold Financial Planning.
