On The Money

Is it financially responsible to spend your 401k on a mortgage?

INDIANAPOLIS (WISH) — Alexander Joyce, CEO of ReJoyce Financial, joined us today to discuss whether or not to spend a 401k on a mortgage payment.

He said traditionally, that’s a “financial don’t.” Several factors need to be taken into consideration, including your age, tax bracket, and alternate options.

ReJoyce Financial aims to help you understand how your money works for you, whether it is in a 401k or not.

There’s no time like the present to consider professional financial advice. If you’re looking to get a handle on how to spend your 401k, ReJoyce Financial is here to help.

Information on financial planning is available at the ReJoyce Financial website or by calling 317-903-0517.

THIS SEGMENT IS SPONSORED BY REJOYCE FINANCIAL.