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01.31.23  401(k) Borrowing & Hardship Withdrawal  /  A Warning For Entrepreneurs

01.31.23 401(k) Borrowing & Hardship Withdrawal / A Warning For Entrepreneurs

FromThe Clark Howard Podcast


01.31.23 401(k) Borrowing & Hardship Withdrawal / A Warning For Entrepreneurs

FromThe Clark Howard Podcast

ratings:
Length:
26 minutes
Released:
Jan 31, 2023
Format:
Podcast episode

Description

Hardship withdrawals from 401(k)s have doubled over the past year. Clark discusses the tax ramifications and offers alternatives. Also, Clark champions entrepreneurs creating startups or joining franchises in tough times. But this comes with a very important warning vital to success: Vetting an opportunity and avoiding the job & training scamsters infesting the market. Know the signs.

401(k) Hardship Withdrawals: Segment 1

Ask Clark: Segment 2

A Warning For Entrepreneurs: Segment 3

Ask Clark: Segment 4

 
Mentioned on the show:

NYTimes.com: Hardship 401(k) Withdrawals, Explained

6 Things To Know Before Contacting the National Foundation for Credit Counseling

Should You Pay for Credit Monitoring?

How To Freeze Your Credit With Experian, Equifax and TransUnion

Why You Should Never Invest With a Bank

Business opportunities and trainings that claim you’ll make big money are often scams

Real Estate Investing: What To Know BEFORE You Start

Will Mark Cuban's Prescription Company Really Save You Money?

10 Ways To Save on Prescription Drugs


Clark.com resources

Episode transcripts

Clark.com daily money newsletter


Consumer Action Center Free Helpline: 636-492-5275


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Released:
Jan 31, 2023
Format:
Podcast episode

Titles in the series (100)

Save more and spend less is more than just a motto for money expert Clark Howard; it’s a way of life. Clark and his crew — Team Clark — are on a mission to empower people to take control of their personal finances by providing money-saving tips, consumer advice, hot deals and economic news to help everyone achieve financial freedom. Clark is a nationally syndicated radio talk show host and a consumer reporter for television stations around the country. His podcast, The Clark Howard Show, receives more than one million downloads each month and is a hub for listeners to get valuable advice on-demand any time. Clark answers questions on the most popular business and consumer topics including; how to buy a cars, financing a home, retirement planning, shopping for insurance and getting the most out of your savings. Join the conversation and submit your question to www.clark.com/askclark . Clark spearheads two free resources — Clark.com and ClarkDeals.com — to encourage consumers to save more, spend less and avoid ripoffs.