lifeofrhody
Region: US
Wednesday 08 July 2026 12:57:09 GMT
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anne :
Guys we arent retiring lmao it doesnt matter
2026-07-08 18:21:22
7563
errorr679 :
I appreciate content like this , 1+ follower
2026-07-22 12:33:47
0
thequeenhazard :
I took out a 401k loan at my $30k a year job so I could afford to leave there & get a certification that got me a job making over $100k a year. It was worth the penalty.
2026-07-08 23:58:45
2565
itsjust_tayee :
I don’t think most people care about the withdraw penalty either. I can’t blame them, we’re on a floating rock & almost everyone is struggling.
2026-07-08 17:41:32
4031
JAE :
It’s actually insane that people can be penalized for borrowing their own money. This country is so backwards
2026-07-09 15:57:07
911
renas6432 :
be mindful that your check will be short whatever the payment is. a lot of people dont realize how much $100-$300 out a check can do.
2026-07-08 20:37:49
1732
BeautiOl^ve :
I did this twice and picked one year repayment, paid off my CC debts and I didn't even feel it coming out of my paycheck..
2026-07-08 18:27:07
1600
Billy Bathgate :
To recover fully from a 401k loan you have to pay the loan off then add the loses on potential earnings you suffered for the duration of the payback.
2026-07-08 16:13:14
342
Cornell_NoUniversity :
All these mixed reviews….should I do it or nottttt!?!?
2026-07-13 00:30:34
117
TRenee :
I been on my job 7 years.I’m bout to SPEND THAT SHIT! 🤣
2026-07-09 02:18:15
169
Val - SoVeryValeria :
In case of a real emergency or where it makes the most financial sense (like a debt payoff that you won’t run back up), sure. To go on a trip, crazy work.
2026-07-08 16:26:24
319
Kitten6575 :
Everyone says life is short but what if life is long?
2026-07-08 18:24:00
112
Edgar Owens ❌❌ :
U HAVE TO GET A LOAN ON UR OWN MONEY
2026-07-09 14:08:10
6
joe0x04 :
other advice: don't take financial advice from random people on the Internet...
2026-07-10 20:42:47
5
hiphopanonymous :
I defaulted on my 401k loan after quitting and never paid any extra to irs
2026-07-08 16:04:58
6
Theycallmethegreatest_ :
Who cares just pay the taxes on the money then. 30 percent of whatever you take out. Plus still get the money left in your 401k
2026-07-09 02:34:19
9
jonnnnnyyyyyp :
And the worst part? Can't pay extra. You gotta pay the whole thing off or stick with the payment plan. Still pro-401K loan
2026-07-08 19:50:24
7
B McGee :
keep in mind when you apply for this loan you are immediately given a contract to agree too that states all this information clearly
2026-07-12 20:22:36
5
Lizzy🍉 :
yall retiring..?
2026-07-12 16:50:03
5
K :
Just make sure you read the summary plan description for your 401k to verify all the rules of the plan for taking loans and withdrawals, every company’s plan is different
2026-07-10 11:23:26
6
Gabe$ :
But isn’t it crazy that all of this is over money that WE earned
2026-07-09 15:10:32
59
Fareeda ❌ :
Hi!! 53YO and I’ve done both and neither is horrible bad.. I lost a real close co-worker she was 63YO never married and employed here for 35yrs. From that day forward I’ve never been scared to take any of my money. Life ain’t promised 🤷🏽♀️
2026-07-09 18:30:06
21
Denise Marie :
I borrowed from my 401K to purchase a bigger home (3% interest rate; no paycheck deduction) and to buy an award winning 🏆 business.
2026-07-12 21:05:24
5
Jamaican Cola :
Finally someone speaking some sense. It's called a RETIREMENT account. Check on it..at to it, but unless you have an emergency (and no emergency fund) you should set it & basically (kinda) forget it. Please think ahead. Your 55+ self will thank you.
2026-07-08 19:21:07
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