Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 7 months agoMore retirement savers are borrowing from their 401(k) plan. Those are ‘leading indicators of economic stress,’ expert sayswww.cnbc.comexternal-linkmessage-square26fedilinkarrow-up1209arrow-down12
arrow-up1207arrow-down1external-linkMore retirement savers are borrowing from their 401(k) plan. Those are ‘leading indicators of economic stress,’ expert sayswww.cnbc.comLee Duna@lemmy.nz to News@lemmy.worldEnglish · 7 months agomessage-square26fedilink
minus-squareExtraordinaryJoe@reddthat.comlinkfedilinkarrow-up11arrow-down1·7 months agoThat’s why I borrowed from my 401k 8 years ago. I only have $70k in my 401k now. I didn’t borrow that much, but I’m 57. I was a terrible saver.
minus-squareKadaj21@lemmy.worldlinkfedilinkarrow-up5arrow-down1·7 months agoI’m 40 with a couple grand and had to stop a year ago. Money was/is too tight. Better off than me. I will probably go like my FiL, a heart attack at work at 70yo.
That’s why I borrowed from my 401k 8 years ago. I only have $70k in my 401k now. I didn’t borrow that much, but I’m 57. I was a terrible saver.
I’m 40 with a couple grand and had to stop a year ago. Money was/is too tight. Better off than me. I will probably go like my FiL, a heart attack at work at 70yo.