Buying a Home with Funds from Your 401K

This week’s wide ranging discussion starts off with our weekly look at what the Fed is or isn’t going to do with interest rates right now (a topic on everyone’s mind) and moves into a deeper discussion about how the Fed is really just there to control American Consumer Demand.  That means it does not really factor in world economies and whatever demand there might be for our products overseas, especially with our dollar being so low relative to other currencies. So are they missing key elements when it comes to deciding whether to pump the economy or slow it down thru their control of the Federal lending rate…the so-called “discount rate” the Federal Reserve charges commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank.  You decide.  Then listen to the last part where our hosts Hamid and Fay Hamadanchy discuss using funds from your 401K to purchase your next fund.  You won’t want to miss this one! Only on Orange County’s only community radio station, www.OCTalkRadio.net.

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