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WHAT YOU SHOULD KNOW BEFORE DIPPING INTO YOUR RETIREMENT PLAN
11/17/2017

The National Endowment for Financial Education's Smart About Money calculator helps determine the impact of borrowing from your retirement plan. Some qualified retirement plans include the option for qualifying participants to take a loan against their retirement account balance. Many people borrow from their retirement plan to pay off high-interest debt or to make a major purchase. Although the borrowing rates may be favorable, usually 1-2% above the prime rate, the impact on future retirement earnings needs to be taken into account. This calculator can help you make a more informed decision about whether a loan is the right approach for your financial situation … HIGHLIGHTED EVENT: Want to learn more about investing? Attend the Funding Your Future: 2017 Investor Boot Camp presented by the Alliance for Investor Education …

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CFA Institute is the global, non-profit professional association that administers the Chartered Financial Analyst® curriculum and examination program worldwide. CFA Institute sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. To contact the CFA Institute, go here.



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