Some Companies Are Offering “Financial Wellness Programs” to Employees
Nicole Dieker

As a former loan originator, many people took loans against their 401(k) for downpayment/closing costs. Often it was a calculation of where was the cheaper interest rate- in the loan or in the 401(k).

It’s a particularly nefarious system because you cannot leave your employer with an open 401(k) loan, you have to pay it off first.

Like what you read? Give squarestateknitter a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.