Key Points The benefit of a 401(k) loan is potentially having an easier time accessing your money and paying interest to ...

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 lot of people get into trouble with debt for a variety of reasons. Sometimes, it’s a matter of bad luck, like a string of ...

However, if you can find another way to get the money you need, it's best to do so. Even if you pay back your disaster relief ...

(k) loans have been a popular option for many people, but it could put your future in jeopardy. Consumer Investigator Rachel DePompa gets tips from NerdWallet on how to approach a 401(k) loan.

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 ...

like credit cards or other loans," Nitzsche says. Consider also the opportunity cost of withdrawing your retirement savings during a market decline. To explain, Select spoke to a second expert ...

Rep. Rick Crawford's 401(edu) plan proposal, family leave proposals and meal delivery came up at a House Ways and Means ...

If you’re repaying a student loan, it can be tough to save for retirement. Most people want to get rid of that loan balance ASAP. Not surprisingly, a new research report published by the ...

Beginning in 2024, the SECURE Act 2.0 will index IRA catchup contribution limits for inflation, making it likely that higher ...