Loans & Debt Management for Retirement Planning
Effectively managing personal loans and debts is a crucial part of retirement planning and personal finance. This section helps you understand the impact of debt on your retirement savings, the rules and risks of borrowing from retirement accounts, and provides tools to make informed decisions.
What You’ll Find Here
- Guidance on borrowing from retirement accounts (401(k), IRAs)
- Pros and cons of using retirement savings to pay off debt
- Strategies for balancing debt repayment and retirement savings
- Strategies to consolidate personal debts, especially for high interest loans
- Calculators to help you evaluate loan options and consolidation
Resources on Loans & Debt Management for Retirement Planning
- Smart Rules of Thumb to Manage Your Personal Debts
- Need to Withdraw From Your 401(k)? Follow This Order: Hardship Withdrawal, 401(k) Loan, and Penalty Withdrawal
- The Right Way to Withdraw from Your 401(k) Without Regret
- Paying Off Debt or Funding Retirement? How to Decide When Every Dollar Counts
- How Paying Credit Card Interest Often Hurts Your Credit Score
- How to Borrow From an IRA?
- Credit Card Debt Consolidation Calculator
- Credit Card Debt Payoff Calculator
Recent Articles
- How to Borrow From an IRA?
- Special Issue: Staying the Course Amid Market Turmoil
- A Step-by-Step Guide to Finding Your Old 401(k) Account
- How Paying Credit Card Interest Often Hurts Your Credit Score
- The ABCs of Roth Conversions: Backdoor, Mega Backdoor, and More
- April 2025 MyPlanIQ Portfolio Update
- Paying Off Debt or Funding Retirement? How to Decide When Every Dollar Counts
- The Right Way to Withdraw from Your 401(k) Without Regret
- Retirement Plan Contribution Limits in 2025
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