Should you invest in your employer's 401k (or other retirement plan)? I'm sharing my thoughts on why this is not a good idea unless it's a dire dire emergency.
Unfortunately, I’ve seen too many instances where people think of their retirement savings as their emergency fund and leverage it for minor emergencies and even non-emergencies.
Withdrawing or loaning money from your retirement savings means you are robbing your future self of potential long-term earnings by taking your money out of where you have it invested (even if it’s as a loan).
I'm talking through all the reasons why you shouldn't do it and what it could REALLY cost you!