401k Loans - Sridhar Boppana

July 9, 20240Comments

Decoding Financial Dilemmas: Should You Opt for a 401(k) Loan or a Personal Loan?

Summary: In the realm of financial decision-making, choosing between a 401(k) loan and a personal loan presents a pivotal dilemma. A 401(k) loan allows borrowing from retirement savings, offering lower

by Sridhar Boppana

401k

May 31, 20240Comments

First-Time Home Buyers: How to Leverage Your 401(K) for a Down Payment

Summary: This blog post explores the complexities of using a 401(K) for a first-time home buyer’s down payment. It delves into the nuances of 401(K) withdrawal options, including hardship withdrawals

by Sridhar Boppana

401k

April 18, 20240Comments

401k Early Withdrawal for College: Pros, Cons, and Alternatives

Summary: This blog post delves into the critical decision of using 401k funds for educational expenses. It highlights the potential benefits, like avoiding early withdrawal penalties and immediate access to

by Sridhar Boppana

401k

April 14, 20240Comments

401(k) Loan Secrets: What Your Employer Knows and Doesn’t Know

Summary: In the dynamic world of personal finance, 401(k) loans emerge as a nuanced option for employees facing financial needs. These loans allow individuals to borrow from their retirement savings,

by Sridhar Boppana

401k

February 29, 20240Comments

401(k) Loans and Car Purchases: Balancing Immediate Needs with Long-Term Goals

Summary: In the current landscape of financial decision-making, using a 401(k) loan for car financing emerges as a nuanced option. This approach presents a blend of immediate cash access and

by Sridhar Boppana

401k

February 14, 20240Comments

401(k) Loan Offset: Balancing Immediate Needs and Long-Term Goals

Summary: In the blog post on 401(k) loan offsets, key points focus on the intricacies and consequences of borrowing against retirement savings. When an employee terminates their employment or faces

by Sridhar Boppana