401K take a hit? Here's my advice.

Your 401K took a hit, the bills are piling up and you need a way out.

Step 1: Don’t panic.
Step 2: Don’t touch it.
Step 3. Stick to a Budget

This pandemic has caused many of us to panic and feel quite uncertain about the stock market. But rest assured, things will return back to normal. And when they do, will you really want to pay back a loan on your 401K within sixty days with a 10% penalty plus pay at tax at your current rate? Plus, you are robbing your future. Yikes!

I wouldn’t do that. Even if you are near retirement, avoid robbing your 401K. Try to find other ways to immediately increase your income. Is there something around your house you need to sell? Is there something you can create or a service you can provide? Maybe you can take a side job.

Do you want help finding financial peace in during the pandemic? I can help you customize a plan based upon your goals, and I'll walk you through it. Schedule a FREE consultation here.