If you take out a 401 (k) loan, you’ll temporarily have fewer funds invested. In the case of withdrawals, the money will be ...

But should you use funds from your 401(k) to pay down credit card debt, personal loans and other debts? You can technically use a 401(k) to pay off debt, but doing so may be less than ideal for ...

There are some perks to it, including the fact that you don't need good credit to qualify for a 401(k) loan and you pay interest to yourself instead of a creditor. Some Americans decide these ...

This means your retirement balance may grow more slowly due to the missing investment gains while the loan amount is out of the market." In most cases, you must pay back the amount you borrow from ...

loan lets you borrow money from your workplace retirement account on the condition that you pay back the amount you borrow with interest. The good news is that the payment amounts and the interest ...

Some 13% of 401(k) participants have an outstanding loan against their retirement savings, according to a recent study, with an average $10,708 loan amount. Using a 401(k) loan can be useful, but ...

If you didn’t have to pay back a 401(k) loan with after-tax dollars, you’d be avoiding tax on that loan altogether and it would be a major loophole to get tax free distributions from 401(k ...

“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 ...