Signs you're flirting with financial ruin
Covering expenses with retirement savings
Borrowing or withdrawing retirement funds from your 401(k) is a common thread in many of the cases of financial distress that Boucher has seen as a financial adviser.
Boucher said, "401(k) loans are usually a bad idea under any circumstances, but when you have more than one, that's a sign that you're not managing your cash flow very well."
Regularly pillaging your retirement savings could have serious consequences for your retirement. It lessens the beneficial effects of compounding that help retirement funds grow.