‘Money Monday’ – why 401K loans are a bad idea

Posted at 3:08 PM, May 15, 2017
and last updated 2017-05-15 17:08:26-04

SALT LAKE CITY -- Gary Gygi of Gygi Management explained the difference between withdrawing money from a 401K and taking out a 401K loan.

According to Gygi, a 401K loan is a bad idea and should be avoided, if possible.

Check out the reason why in the video.