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What They DON’T Tell You About LOANS From Your 401k ?

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deff sells life insurance When you borrow from your 401k all of the interest paid goes back into your account aka youre paying yourself
Comment from : @JOpalensky

Lmao I was on the phone asking about it because I didn't know and needed a better explanation about 401k the lady was piss and told me just go unalive myself so she can have all my money There so unprofessional
Comment from : @Jack-h9g2z

Why do you have to report it on your taxes?
Comment from : @chrisfelton9999

LOL 😆 🤣 😂 UNIVERSAL LIFE INSURANCE IS A SCAM
Comment from : @Z-STL314

You don't sell you position in the market to loan against your 401k
Comment from : @Juda-Roars

Lmaoooo These Insurance dudes, you can never trust They work in the scammiestbusiness on gods green earth
Comment from : @Knitty610

You don't need life insurance if you already have significant money in your 401K Life insurance is just another tool to scam us out of our money!
Comment from : @damoneymaker

Yeah he’s definitely not speaking user friendly lol
Comment from : @UptownNi

You don't need to sell it to borrow from your 401k bud
Comment from : @Reekay95

Advice to starting a business I been running my business for almost 4 years 2023 I made 87k towards my detailing business I can tell you this if your feeling like you are doing something right continue doing it you will get more experience on what you think is right to become successful again every business owner is different different experience different business different mindset continue learning on money and growth and learn to heal yourself don’t worry about money you can’t continue if your don’t remember the last time you was happy
Comment from : @adrian22556

Why does life have to be so complicated I make video games and that’s way more complicated than this and I still don’t understand what they’re talking about that’s how you know we’re all being gaslit
Comment from : @DigitalLoom

Change your investment to low risk when taking out a loan
Comment from : @cartrunk_420

Bro that was some unclear shit
Comment from : @theengineered1949

scam
Comment from : @jjfarm9562

Huh
Comment from : @ericac4316

Increasing tax rates are the reason I rolled over my 401k to a Roth I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account
Comment from : @RafetMert-qs3kw

I bet this guy sells whole life insurance
Comment from : @Williambaughman99

Do you have to have money to get one of these insurance life insurance accounts If I wanted to get IUL account of $300,000 Right do I have to have the $300,000 to get it started
Comment from : @msdmiller4you

Can you transfer your 401k or bank certificates to a LI ?
Comment from : @LMTLSS1

Alright, I want to retire at 40, can I withdraw from my 401k?- I plan on moving from country to country
Comment from : @iamdamnalex

Paying taxes on my own saved moneyno thank you
Comment from : @Elsanta666

What about a life insurance policy given with a federal position is it the same thing?
Comment from : @OnlyOmenProtocol

Horseshit This is clearly communicated in your 401k loan agreement You just failed to read it
Comment from : @stephtraveler7378

What the hell does collateralize mean lol
Comment from : @Najibway

So you're telling me Your 401k company is trying to extend their business into lending and life insurance While your investments are collateral Won't that negate any future appreciation from your investments? When you die they will keep it all Meaning once the money goes in, it will never come out It is starting to look like a Ponzi scheme
Comment from : @blacklight3330