Don’t Rob Your Future: Dave Ramsey

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By Eric Cieslewicz and Ramsey Network. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

With the new stimulus package, if you’re 59 ½ (like Dave!) you can take money out of your 401(k) with no penalty. This may sound good, especially if you’re broke because you’ve lost your job or are on furlough, but it’s actually a really BAD idea.

In this episode, Dave Ramsey and Anthony ONeal share why you don’t want to borrow money from your 401(k) and where to go if you’re low on cash—to WORK! There are lots of places hiring right now. Historically, all major downturns have rallied, so don’t jump out of the market right now because you’ll miss the ride back up!

No matter where you are, hope is here: https://www.daveramsey.com/store/hope

If you’re ready to take advantage of our 14-day free trial of Financial Peace, sign up here.

27 episodes