Plansponsor

Strategies to Manage Retirement Plan Loans

By Lee Barney

Unfortunately, “when employees know they have quick and easy access to their 401(k) plans, often, they begin to view their retirement plan as a revolving credit line,” says Amy Oullette, director of retirement services at Betterment for Business in New York. “Every six months an issue could crop up, leading participants to layer one loan on top of another.”

Read the Original Article

This article originally published January 22nd, 2019 on Plansponsor.

Sign up to receive more information about the Betterment 401(k).

Get Started