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The Pros and Cons of 401(k) Loans

While not the first choice, 401(k) loans can be a decent option for investors with near-term cash needs, but it is not an investment strategy, says Michael Kitces.

Michael Kitces is a partner and the director of wealth management for Pinnacle Advisory Group, co-founder of the XY Planning Network, and publisher of the continuing education blog for financial planners, Nerd's Eye View. You can follow him on Twitter at @MichaelKitces.

Christine Benz: Hi, I'm Christine Benz for 401(k) loans are incredibly polarizing. Some investors view them as useful financial tools while others think they should be marked with a skull and crossbones. Joining me discuss this topic is Michael Kitces. He is a financial planning expert.