401K Loan Helena MT

Looking for information on 401K Loan in Helena? We have compiled a list of businesses and services around Helena that should help you with your search. We hope this page helps you find 401K Loan in Helena.

Mr. Bruce D Haswell, CFP®
(406) 447-2280
350 N Last Chance Gulch Fl 2
Helena, MT
Firm
Wells Fargo Private Bank

Data Provided By:
Mr. Daniel L. Chamberlin, CFP®
(406) 442-1066
800 Sixth Avenue
Helena, MT
Firm
The Chamberlin Group, Inc.
Areas of Specialization
Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Divorce Issues, Education Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Business Executives

Data Provided By:
Mr. Peter Daniel Sullivan, CFP®
(406) 443-6300
111 N Last Chance Gulch St
Helena, MT
Firm
Sullivan Financial Group, Inc.
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Education Planning, Employee and Employer Plan Benefits
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided By:
Ms. Debra A. Smith, CFP®
(406) 542-7718
1800 S Reserve St
Missoula, MT
Firm
Rocky Mtn Financial Advisors
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Investment Planning, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Service Professionals

Data Provided By:
Mr. Kurt F. Ingold, CFP®
(406) 728-5214
6160 Wildcat Rd
Missoula, MT

Data Provided By:
Janet Hedges, CFP®
(406) 442-1128
7 W 6th Ave Ste 518
Helena, MT
Firm
Raymond James Financial Services
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Education Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Self-Employed Business Owners

Data Provided By:
Mr. Christopher A. Field, CFP®
(406) 443-6004
40 W Lawrence St
Helena, MT
Firm
The Investment Group

Data Provided By:
Robert Frey
Professional Financial Management, Inc.
(406) 587-1604
945 Technology Blvd., Suite 102
Bozeman, MT
Expertises
Retirement Plan Investment Advice, Ongoing Investment Management, Middle Income Client Needs, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®, CLU

Richard C. Marshall, CFP®
(406) 541-3733
27 Fort Missoula Ste 1
Missoula, MT
Firm
Stewart & Associates, PLLC
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Estate Planning, General Financial Planning, Government and Military, Investment Management, Retirement Planning

Data Provided By:
Mr. James Gerard Cusimano, CFP®
(406) 234-3194
11 S 7th St Ste 165
Miles City, MT
Firm
Big Sky Financial Planning Group
Areas of Specialization
Retirement Income Management, Retirement Planning

Data Provided By:
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What Is A 401K Loan?

Answer:
As our 401K retirement accounts begin to build up value,

we may be tempted to want to gain access to the money. Generally speaking, this is a bad idea, because you are unplugging a good investment and only early the interest that you are paying yourself , but there may be times when this would be a decent idea.

Quite simply, a 401K loan is loan against the current balance in your retirement plan. Under current law, all plans must allow you to borrow money from them. However, this also makes it easy and tempting to not discipline yourself to stay out of the account. From a financial point of view, this is something to be avoided, but it is better than borrowing from a high interest credit card or a store front loan office.

Generally speaking, the younger a worker is, the more likely they are to borrow from it, because they see that they will not need the money for a long time. You can also choose which investments you want the loan from. The dangerous part of this loan is that if you are laid off or leave your job, the full amount is due, or it will be considered and early withdrawal and will be subject to penalties and taxes at your current rate.

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