You can take a loan from your 401(k) plan if necessary, but it runs the risk of jeopardizing your long-term retirement goals, ...

401(k) loans have a max of $50,000 or 50% of your vested balance, whichever is less. Repaying a 401(k) loan within 5 years is crucial to avoid tax consequences. Not all 401(k) plans allow loans ...

A 401(k) loan and a personal loan are two options if you need to borrow money. A 401(k) loan involves borrowing from your retirement account. A personal loan involves borrowing from a lender ...

You might also find yourself considering borrowing from your 401(k). While a 401(k) loan is often quick and typically cheaper than other types of credit, it could also end up jeopardizing your ...

More than 50% of Americans feel that the cost of higher education is out of hand, according to the most recent statistics from Bankrate. And it’s hardly surprising. As of mid-December, more than ...

answers a Retirement Daily reader's question about whether 401(k) loan repayments are double-taxed? My wife and I took out a 401(k) loan to assist us with the cost of renovating our newly acquired ...

If you are facing a hardship, you may be eligible to withdraw some of your 401(k) funds without paying a penalty. In certain instances, you can take out a loan from your 401(k) and repay it over ...

In a recent YouTube video, George Kamel, financial expert with Ramsey Solutions, explained that the IRS now allows companies ...

“Taking out money from your 401(k) to pay off your student loans can be tempting, especially when you’re in the mindset that you need to pay off this debt now and worry about retirement later ...