Retirement Articles

Browse our retirement articles for tips and strategies.

The Impact of Debt on Your Retirement Plans

This comprehensive guide explores how debt significantly impacts retirement planning by reducing available funds for savings and creating ongoing financial obligations. It covers different types of debt, provides practical strategies like the debt avalanche and snowball methods, and offers actionable steps to balance debt elimination with retirement savings while maximizing employer matching contributions.

Jan 4, 20268 min

Retirement

The Pros and Cons of 401k Loans for Debt Payoff

This comprehensive guide explores the pros and cons of borrowing from your 401k to pay off debt. It covers how 401k loans work, their advantages (no credit check, low rates, quick access) and significant risks (opportunity cost, job loss consequences, double taxation). The post provides practical examples, explains when these loans make sense versus when to avoid them, and offers alternatives and best practices for those considering this option.

Jan 3, 20268 min

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