Articles Tagged - Loan

Refinancing Student Loans: Is It Worth It?

By Wiss, Posted in Advisory Services

By Rachel Kleiman A letter from a student loan refinancing company is placed on your desk. Have you wondered if refinancing is worth it or just a scam? Refinancing means taking on new debt with new terms in order to pay off older debt.  By refinancing, you can reduce monthly payments, secure a lower interest rate, and renegotiate the term of your loan.  Additionally, refinanced student debt is still student debt, meaning you will still receive a 1098-E for tax purposes.  Refinancing comes... read more.

Borrowing from Your 401(k): What to Know Before Making the Decision

By Wiss, Posted in Employee Benefit Plan Audits

By Cindy Sandomenico Borrowing money from your 401(k) account can be tempting. You know the money is there, and it’s yours, so why not use it? Before you pull the trigger, however, consider the limitations and consequences. Here are some important points to keep in mind. Know the rules Generally, you can borrow from a 401(k) for any reason, such as paying educational expenses or buying a home for the first time -- although employers are not required to offer a loan option within the 401(k) plan.... read more.