Host Of The Savvy Investor Show, Michael Canet, Says There’s An Exception To The Rule: Never Borrow From Your 401(k)

Michael Canet is a financial planner, estate planning attorney and host of The Savvy Investor TV and Radio Show, where he and Savvy Investor guests help listeners create, grow, and preserve their wealth. In this blog post, Canet outlines why it’s almost always a terrible idea to borrow from your retirement fund.

Glen Burnie, MD – July 25, 2014 – Estate planning attorney and host of The Savvy Investor TV and radio show, Michael Canet, recently published a blog post on TheSavvy Investor website on the consequences of borrowing money from your retirement account. In the blog post, “When It’s Okay to Borrow From Your Retirement Funds,” Canet says there may be some limited cases in which borrowing from a 401(k) is the lesser of two evils.

Canet writes, “Life is expensive. And, when you want to buy a house, or a car, or pay for your child’s tuition to Sarah Lawrence, it can be very tempting to use the pile of money you’ve been stashing away for your retirement. However, borrowing from your retirement plan is a dangerous proposition, even if you are able to pay the money back.”

The entire blog post can be found at

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About Michael Canet:

Michael Canet is a financial planner and estate planning attorney specializing in family legacies and is a founding member of Prostatis Financial Advisors Group, LLC. Canet is the #1 Amazon best-selling author of Surviving the Perfect Storm: How to Create a Financial Plan That Will Withstand Any Crisis, and has been featured on The Wall Street Journal, Fox News, and USA Today. He is also host of the nationally syndicated television show, The Savvy Investor, and The Savvy Investor radio show on WCBM 680AM. His approach, both on and off The Savvy Investor shows, is distinguished by clear and concise answers that are accessible to the people who need to understand them most: retirees.

You can listen to The Savvy Investor live on WCBM Talk Radio AM 680.

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