The Pitfalls of Borrowing from Your 401 (k) Account:  A Costly Trade Off

The Pitfalls of Borrowing from Your 401 (k) Account: A Costly Trade Off

The 401 (k) retirement savings plan has long been hailed as a cornerstone of financial security for employees, offering tax advantages and employer-matched contributions. However, it also offers a tempting option for individuals facing financial challenges – the ability to borrow from their 401(k) account. While this may seem like a convenient…

MARKET UPDATE: SECOND QUARTER 2023

MARKET UPDATE: SECOND QUARTER 2023

Stocks arguably defied expectations in the first half of the year. Major stock market indices made significant gains due to improving inflation, slowing Fed rate hikes, the absence of a recession, a more stable banking sector and a strong rally in tech stocks.