I don’t know who started it. Suze Orman certainly helped spread it. She says that you shouldn’t borrow from your 401k (or 403b) plan because you will be double-taxed. I did a Google search and I found 5 priceless money-saving tips by Suze Orman:
"Also, never ever borrow against your 401k plan because you will pay [...]
This is part 2 in the Strapped series. See also:
Strapped: College Education
Chapter 2 in Strapped: Why America’s 20- and 30-Somethings Can’t Get Ahead is Paycheck Paralysis . It says the younger generation can’t get ahead because they don’t get good jobs. They have become Bouncers , Jugglers , Tempsters , and the Pajama [...]
This is a common problem: you have a 401k or 403b plan at work, but the plan isn’t very good. All the investment options in the plan have high expenses. The plan itself may also have some hidden fees. If the plan has a match, you contribute enough to get the full match. That’s a [...]
If you read my blog on the blog website thefinancebuff.com, you may have noticed a different look. Don’t worry, it’s not been hijacked. It’s still me, doing the same thing. I just moved the blog from Google’s Blogger service to the open source WordPress platform.
All the old bookmarks should work as before. If you read [...]
