“At the end of the day, you are decreasing your savings for retirement,” says Michael Brady, founder of Generosity Wealth Management. “Yes, you are paying it back. But it would have been better if you could be adding to it.”

401(k) Plans are the New Piggy Bank. Don’t Tap Yours

9/29/2015 – Michael was interviewed and asked his opinion on borrowing from 401(k) plans.  Needless to say, he doesn’t think it’s a good idea