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September 3, 2024

Navigating 401(k) Loans: What You Need to Know Before Borrowing from Your Retirement

401(K) loans can have a major impact on your retirement savings. Before rushing into one, you should consult with an advisor to determine if there are other alternatives to meet your needs. 401(K) Loan Rules  The rules for a loan will vary by plan, as the provisions for a loan are outlined in the summary plan description (SPD) that was...
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401(K) Loan
August 27, 2024

How Does a 401(K) Loan Work? 

When contributing to an employer-sponsored retirement plan, participants typically do not expect to use the funds before retirement. However, in some situations, they may find they do not have any other alternatives.  What is a 401(k) Loan?  A 401(k) loan is when a 401(k)-plan participant borrows money from their retirement savings account. Since the money is being borrowed from the...
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Harrisburg, PA Office

Address: 1863 Center St, Camp Hill, Pa 17011
Phone: 717-288-1880

York, PA Office

Address: 3405 Board Rd, Suite 200, York, Pa 17406
Phone: 717-773-4085