On June 12, 2016, Lindsay was featured in The Wall Street Journal on strategies for saving for retirement and paying off debts. Please find the full piece here.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. There is no assurance that the techniques and strategies discussed are suitable for all individuals or will yield positive outcomes. Before making a qualified plan loan, consult your tax advisor and financial professional to consider the following:
Plan provisions, limits, and interest rates are dependent on the specific employer retirement plan. Loans and repayments may affect the amount you can contribute to your plan, which can affect the potential growth and tax advantages of the plan. If you leave your employer, you generally have 60 days to pay back the remaining loan balance. Otherwise, the unpaid balance is considered a withdrawal, is subject to income taxes, and if made prior to age 59 1/2 , a 10% penalty tax may apply.
Lindsay Bourkoff is a registered representative with, and securities are offered through, LPL Financial, Member FINRA/SIPC.