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 ...

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

One of my first positions was in a 401(k) call center, where one of the most common questions people asked was about taking a plan loan to pay off their credit card debt. When I went to my manager ...

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 ...

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 ...

(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.

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 ...

“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 ...

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 ...

Dennis LaVoy, a certified financial planner with Telos Financial, 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 ...