<description>&lt;p&gt;&lt;span style= "font-size: 14.0pt; font-family: 'Calibri',sans-serif; mso-fareast-font-family: Aptos; mso-fareast-theme-font: minor-latin; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"&gt; Taking a loan from your 401(k) might seem like a simple fix when cash is tight—but it could cost you more than you think. In this episode, we welcome back Ryanne Harmann, QKC, QKA, from Acropolis Investment Management to explore the hidden risks with borrowing from your retirement savings.&lt;br /&gt; &lt;br /&gt; From double taxation and surprise tax bills to the long-term impact on your retirement nest egg, Ryanne breaks down why borrowing from your future self is rarely a win.&lt;span style= "mso-spacerun: yes;"&gt; &lt;/span&gt; Whether you're considering a loan or just curious about smarter strategies, Ryanne's expert insights will equip you to make informed decisions.&lt;span style= "mso-spacerun: yes;"&gt; &lt;/span&gt; And remember - Acropolis is always there to help guide you when you have questions, simply call the participant services line and ask to speak to an Acropolis advisor.&lt;br /&gt; ☎️ 1-888-838-0767 .&lt;br /&gt; &lt;br /&gt; Arm yourself with the knowledge you need &lt;em&gt;before&lt;/em&gt; tapping into your 401(k)!&lt;/span&gt;&lt;/p&gt; &lt;p&gt; &lt;/p&gt; &lt;p class="MsoNormal" style= "mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;"&gt; &lt;span style= "font-size: 10.5pt; font-family: 'Verdana',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; color: black;"&gt; For more benefit tips and wellness info, follow &lt;strong&gt;essehealthbenefitsu&lt;/strong&gt; on&lt;/span&gt; &lt;a href= "https://www.facebook.com/EsseHealthBenefitsU/" target="_blank" rel="noopener"&gt;&lt;span style= "font-size: 10.5pt; font-family: 'Verdana',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman';"&gt; Facebook&lt;/span&gt;&lt;/a&gt;&lt;span style= "font-size: 10.5pt; font-family: 'Verdana',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; color: black;"&gt;,&lt;/span&gt; &lt;a href="http://www.instagram.com/essehealthbenefitsu" target= "_blank" rel="noopener"&gt;&lt;span style= "font-size: 10.5pt; font-family: 'Verdana',sans-serif; mso-fareast-font-family: 'Times New Roman'; 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color: black;"&gt;  &lt;/span&gt;&lt;/p&gt; &lt;p class="MsoNormal" style= "mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;"&gt; &lt;span style= "font-size: 10.5pt; font-family: 'Verdana',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; color: black;"&gt;  &lt;/span&gt;&lt;/p&gt; &lt;p class="MsoNormal" style= "mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;"&gt; &lt;span style= "font-size: 10.5pt; font-family: 'Verdana',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; color: black;"&gt;  &lt;/span&gt;&lt;/p&gt; &lt;p&gt;&lt;span style= "font-size: 10.5pt; line-height: 107%; font-family: 'Verdana',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; color: black; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"&gt; ------ Music Credit: "Cheery Monday" - Kevin MacLeod (&lt;/span&gt;&lt;span style= "font-size: 11.0pt; line-height: 107%; font-family: 'Calibri',sans-serif; mso-ascii-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"&gt;&lt;a href="http://incompetech.com/" target="_blank" rel="noopener"&gt;&lt;span style= "font-size: 10.5pt; line-height: 107%; font-family: 'Verdana',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman';"&gt;incompetech.com&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;span style="font-size: 10.5pt; line-height: 107%; font-family: 'Verdana',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; color: black; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"&gt;) Licensed under Creative Commons: By Attribution 3.0&lt;/span&gt; &lt;span style= "font-size: 11.0pt; 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Esse Health Benefits U

EsseHealthBenefitsU

EBU032-Avoiding the Pitfalls of 401(k) Loans

JUL 7, 20256 MIN
Esse Health Benefits U

EBU032-Avoiding the Pitfalls of 401(k) Loans

JUL 7, 20256 MIN

Description

Taking a loan from your 401(k) might seem like a simple fix when cash is tight—but it could cost you more than you think. In this episode, we welcome back Ryanne Harmann, QKC, QKA, from Acropolis Investment Management to explore the hidden risks with borrowing from your retirement savings. From double taxation and surprise tax bills to the long-term impact on your retirement nest egg, Ryanne breaks down why borrowing from your future self is rarely a win. Whether you're considering a loan or just curious about smarter strategies, Ryanne's expert insights will equip you to make informed decisions. And remember - Acropolis is always there to help guide you when you have questions, simply call the participant services line and ask to speak to an Acropolis advisor. ☎️ 1-888-838-0767 . Arm yourself with the knowledge you need before tapping into your 401(k)! For more benefit tips and wellness info, follow essehealthbenefitsu on Facebook, Instagram, or YouTube. ------ Music Credit: "Cheery Monday" - Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/