Brian Kuhn, CFP®, CLU®, ChFEBC®, Senior Vice President and Financial Advisor at Wealth Enhancement was featured by Relator.com in the article, “The Most Dangerous Move You Can Make With Your 401(k) To Put Your Mortgage at Risk”
“The main difference between a 401(k) and an IRA, as it relates to real estate transactions, is you can typically take a loan from a 401(k), which allows money upfront for things like down payments or major repairs, and you pay it back through payroll over time,” says Brian Kuhn, a financial adviser at Wealth Enhancement Group. “IRAs don’t allow these types of loans.”
Access the full article here: https://www.realtor.com/news/trends/pay-mortgage-401k-money-monday/
