Sometimes life throws you a curveball, and you find yourself in a financial jam that requires some quick cash. Taking a loan from your 401(k) plan sounds like an easy solution. After all, you’ll be borrowing from your own retirement account and paying yourself back with interest. Sounds reasonable enough, right? Not always.
Recently, my family and I went to Boulder, Colorado, for a week. My daughters' spring breaks lined up on the same week and we wanted to do something fun and casual, but that wouldn't break that bank! Ginger Leigh, my wife, and I used to live in Boulder, as did my oldest daughter, Haileigh, for the first three months of her life. In the last couple of years we have started going out to Colorado
On October 10, 2018, I told my wife, Ginger, that we needed to leave - this is not going to be a small hurricane. So we left and went to stay with family in Birmingham. When we came back a few days later, I realized my family was one of the lucky ones. We had a house that was still standing, no major damage, running water, and electricity. The people who live 10 to 20 miles to the east of us