The 401(k) is a great retirement instrument because saving is automatic and investments grow over time. So is it ever OK to borrow from a 401(k)? Know the “opportunity costs” involved. Also - good news if you like to check bags on flights.
401(k) Loans: Segment 1
Ask Clark: Segment 2
No More Lost Luggage!: Segment 3
Ask Clark: Segment 4
Mentioned on the show:
Is a 401(k) Loan a Good Idea? Almost Never
How To Open a Roth IRA
Enrolled agent information | Internal Revenue Service
National Association of Enrolled Agents
Should I Buy an AirTag for My Checked Airport Luggage?
What Is an eSIM? 5 Things To Know - GIGSKY - International eSIM Data Plans
Using Cellular Data Internationally: Buying a Local SIM Card
Deposit Insurance FAQs | FDIC.gov
Can I Trust the FDIC’s Recommendations on Getting Insured for More Than $250,000 at a Single Bank?
Are Credit Union Deposits Insured Up To $250,000?
Clark.com resources:
Episode transcripts
Community.Clark.com / Ask Clark
Clark.com daily money newsletter
Consumer Action Center Free Helpline: 636-492-5275
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