Financial Tips

Should You Borrow from Your 401(k)

If you have a 401(k) plan, you may be able to become a lender and borrower, but you should proceed with caution.


Your Home May Not be the Asset You Think

 If your retirement plan includes money you can draw from your home, falling prices can dramatically impact your retirement.


The information provided is not intended to be legal, tax, or financial advice or recommendations for any specific individual, business, or circumstance. TowneBank cannot guarantee that it is accurate, up to date, or appropriate for your situation. Financial calculators are provided for illustrative purposes only. You are encouraged to consult with a qualified attorney or financial advisor to understand how the law applies to your particular circumstances or for financial information specific to your personal or business situation.