• Pull out 401k or let the house go into FORECLOSURE?

  • Jul 10 2024
  • Length: 19 mins
  • Podcast

Pull out 401k or let the house go into FORECLOSURE?

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  • Summary

  • In this episode, John Schink of Deerwood Realty explores the difficult decision many Americans face: taking hardship withdrawals from their 401(k) plans to avoid foreclosure or letting the bank take the house. Despite a strong economy, many are financially stressed due to high housing costs and rising interest rates. We analyze the implications of these choices on long-term financial health and the broader economy.

    #RetirementCrisis

    #HousingMarket

    #FinancialPlanning

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