#23 - Counting the Cost: The Risks and Rewards of 401(k) Loans for Pilots

Passive Income Pilots

Today on Passive Income Pilots, Tait and Ryan dive into the benefits and considerations of diversifying your investment portfolio to achieve long-term financial goals. They discuss the advantages and potential drawbacks of maximizing 401(k) contributions and explore 401(k) loan options, including loan limits, risks, and their impact on retirement savings. They share compelling examples of investors who took out 401(k) loans, examining their motivations, experiences, and lessons learned. Additionally, they touch on rolling over a 401(k) to a self-directed IRA. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(01:21) Can you roll over your current 401(k) to a self-directed IRA?

(02:27) Diversifying your portfolio

(03:51) Maxing out your 401(k)

(06:28) Exploring 401(k) loan options

(10:31) Understanding loan limits and risks

(15:24) Real-life examples of investors who took out 401(k) loans and their results

(19:51) Outro

Related Episode

#9 - Demystifying IRAs: Transfers Vs. Rollovers with Carrie Cook

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Legal Disclaimer

The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.