Can I borrow from my retirement savings to buy real estate?
Can you borrow from an IRA, 401(k) or Roth IRA to invest in a rental property or a business? — Bob H.
It can be tempting to borrow money from your retirement funds, but it's usually not a good idea, warns Frank deNapoli, senior vice president at Winslow, Evans & Crocker in Peabody, Mass. "You're shortchanging your retirement," he says.
I am 31 years old and contribute more than enough to my 401(k) to obtain the company match. I also max out my contribution to a Roth IRA every year. I would like to contribute to a Roth 401(k), but my company does not offer this plan. Can you help me understand the benefits of a Roth 401(k)? Also, do you have any recommendations on selling my company on making a Roth 401(k) option available? — Justin
There’s nothing like a brand new set of wheels with its polished paint, pristine engine and that new car smell. But can you afford it?
Beyond its sticker price, a new vehicle carries a number of peripheral costs that can really add up. So, if you’re in the market for a new ride, here are some facts and figures to consider before driving it off the lot. We spoke with John Giamalvo, Director of Dealer Strategy at Edmunds.com for his expert advice.