Personal Finance Q&A - Trending
Hi, I like to think long-term -- 30-40 years ahead. I'm 28, but looking at my retirement account and a number of retirement calculators, I could have enough retirement by the time I'm 55. BUT, I won't be able to tap into my retirement accounts penalty-free until about 10 years later. So, I'm wondering what a good strategy for bridging the gap might be.
Additional info about me: I'm single, don't own a home (nor am I really looking to), and my retirement is spread out between a Roth and Traditional 401(k), an HSA, and a normal ol' brokerage account invested in mutual funds. Thanks! Jason
I will be buying a car soon. I have the opportunity to borrow against money in my 401(k) so the interest is paid to myself. The money I would borrow against is in a money market fund, so I am not worried about "lost" growth. Should I borrow against the 401(k) or get a separate car loan?