Why borrowing from your 401(k) is better than cashing out your IRA

In our perfect world, you’d never need to borrow from your 401(k) OR cash out your IRA. We don’t intend to recommend either of these strategies by writing about them, however, sometimes people run into a cash crunch and after exhausting other options turn to their retirement savings for help. 

MFP Quoted on Credit Card Insider

credit_cards-213x213.jpgWe were quoted on the today in an “Ask The Expert” article titled Money Management for Young Professionals.

Featuring helpful hints from financial planners and writers, university counselors and others, the article featuring Credit Card Insider  is aimed at those just entering the workforce and is a good introduction to some basic concepts of financial responsibility and planning.  Many of the tips would be good reminders for financially conscientious readers of any age.  Click on the article title above to see all the recommendations.  



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