 Headlines
- Bank of England Frees Banks to Lend More After Brexit Vote
- NASA Probe Enters Orbit of Jupiter
- Bad Debt Piled in Italian Banks Looms as Next Crisis
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Loans Now, Groans Later? You Could Regret Borrowing from Your Plan
While borrowing money from your retirement plan may sound appealing at first glance, what you need to recognize is that it could leave you with less  money to live on in retirement.
Certainly, with such a loan, your contributions are your own money, and you'll be repaying yourself as you repay the loan. What could be wrong with that? Actually, a lot. Consider these potential negative consequences of borrowing from your plan:
Taxes. If you leave your job, you may need to repay any outstanding loan balance within 30 days or risk paying federal taxes on the amount you owe, in addition to a 10% early withdrawal penalty.
Read more on 'Borrowing From Your Retirement Plan'.
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The Markets
Brexit-inspired market volatility.
Second quarter ended with a spectacular finale of Brexit-inspired market volatility. 
Investors typically welcome sharp market movements with about the same level of enthusiasm that canines show for fireworks. However, recent market agitations highlighted a key tenet of investing: Volatility often creates opportunity. Following an initial Brexit sell-off, global markets rebounded. Last Friday, Financial Times reported:
"Global equity indices continued their stunning post-Brexit vote recovery, "core" government bond yields hovered near record lows, and sterling stayed in sight of a three-decade trough against the dollar as a tumultuous week in the markets drew to a close.
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By the Numbers
Notes: S&P 500, Gold, DJ-UBS Commodity Index returns exclude reinvested dividends (gold does not pay a dividend) and the three-, five-, and 10-year returns are annualized ... more important disclosure mentions found here. (We urge you to read the entire disclosure statement.)
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