Here's a question.

Should you take advantage of your employers for one K loans?

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

investing, taxes.

You've got financial questions.

He's got financial answers.

It's Brian Preston, the money guy.

Yeah, Brian, I am super excited to talk about this because I think we're going to be

able to write a wrong.

I think we're going to share some good information that folks might not have otherwise known about

and prevent you from hopefully making potentially a huge mistake.

Now we saw in our YouTube comments because we are part of a live stream and we had folks

that said, well, this is easy.

They go just say no.

So before we jump to the answer, but why don't we first walk them through what the brochure

says for one K loans provide for employees?

Yes, let's talk a little bit about what is a 401K loan and how does it operate?

The first thing is a 401K loan allows you to borrow money from your retirement account.

If you've been saving inside of an employer-sponsored 401K, rather than having to take a

distribution, rather than having to trigger taxes, rather than having to trigger a penalty,

you can actually borrow money from yourself.

You may be wondering, who does this?

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