Money Guy Show cover image

"I Took Out a 401(k) Loan - What Should I Do?"

Money Guy Show

00:00

401k Loans: Should I Pay It Back ASAP at 3.15%?

Jesse: Do you have guidance for those of us who took out a 401k loan for a home before we became financial mutants? Should I pay it back ASAP at 3.15% and does the repay count towards my investing percentage? Jesse: It sounds like he's trying to go back and do the food, but he's got something he wished he hadn't done in retrospect. How should he handle this? Bo: The big thing is that your dollars are no longer working for you. You are taking them off of the field. Now that you know better, you'll know not to touch that.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app