How to Handle a 401k Loan Before You Retire

Borrowing from your 401k is one of the most common retirement mistakes, but it's not always a bad idea. In this episode, Lucas and Luna break down the mechanics of 401k loans: how the repayment works, what happens if you leave your job, and the double-tax trap that catches many borrowers. They walk through a specific example of a 45-year-old borrowing $30,000 for a home renovation, comparing the true cost versus a home equity loan. They also discuss the new SECURE 2.0 rules that allow employers to treat unpaid balances as deemed distributions, and why the 60-day rollover window is your best friend if you can pay it back. By the end, you'll know how to decide if a 401k loan is worth it for you, and what to do if you're already in one. This is a practical, numbers-driven conversation for anyone who's ever considered tapping their retirement savings early. #401kLoan #RetirementPlanning #RetirementLoans #BorrowingFrom401k #SECURE2 #DeemedDistribution #RolloverWindow #HomeEquityLoan #RetirementSavings #FinancialPlanning #FexingoBusiness #BusinessPodcast #Finance #PersonalFinance #WealthManagement #RetirementIncome #LoanRepayment #TaxTips Keep every episode free: buymeacoffee.com/fexingo