One of our readers recently asked about Vanguard’s view on 401(k) loans.
As you might know if you’ve poked around Vanguard.com, we generally frown upon retirement plan loans, to put it mildly. In fact, Vanguard’s intranet for employees recently featured an article cautioning us against borrowing from our own retirement accounts.
From the day we launched this blog in March, we’ve received plenty of feedback on our policy of not publishing readers’ comments.
Most of you, it’s fair to say, wished we would change the policy. Well, I’ve got some news for you.
Faced with a reduced (but recovering—so far) portfolio, children still in college, and not a clue what else I would rather do, I’ve given some thought to simply working forever. Not a bad plan, if I can manage it.
Many people think they’ll have to work forever—and they aren’t particularly happy about the prospect. By 2020, most baby boomers will be in their 60s, and about half of them think they will delay retirement beyond age 65. (We haven’t yet seen much evidence that the first wave of boomers to reach their 60s are choosing to delay retirement, but time will tell.)
