Financial Headline News for Monday 3/26

Phil's Financial Tip of the Day:

Borrowing from a 401(k) may cost you more than you think

Money Watch, a personal finance column that runs every Saturday, features a financial planner from the National Association of Personal Financial Advisorsanswering reader questions about saving, protecting and growing your money. To submit a question, e-mail USA TODAY personal finance reporter Christine Dugas at: cdugas@usatoday.com.

As Dave Ramsey always says, it is like taking a loan out at 40% when you borrow from your 401(k). The only time you should do this is to avoid bankruptcy.

To read the article from USA Today:
http://www.usatoday.com/money/perfi/columnist/moneywatch/story/2012-03-24/starting-small-business-401k-loan/53741186/1

Quote of the Day from Dave Ramsey.com:
Success is not final, failure is not fatal: it is the courage to continue that counts. — Winston Churchill

Please listen to the Dave Ramsey show live on WOR 710 from 2-4 PM EST. You can also listen to the 3rd hour 4-5 PM EST on Dave Ramsey.com and at 8PM on WOR 710