Confused about borrowing options? Compare a 401(k) loan vs. personal loan to find out which is better for your finances.

Thinking about raiding your 401(k) for quick cash? Learn why a personal loan could be a smarter, lower-cost move to protect ...

When a 401(k) loan makes more sense than a HELOC "In my opinion, the 401(k) loan is better in that you are borrowing from yourself and not creating another real estate backed loan," says Mark ...

When a 401(k) loan is borrowed in the right way, it should not have a negative impact on your retirement savings. But be aware that not all 401(k) providers will approve a 401(k) loan.

Borrowing from your 401(k) can help cover a large expense, but it has long-term risks to your retirement savings. Compare alternatives like credit cards and personal loans.

But 401(k) loans should be used sparingly. While money in a 401(k) account is intended for retirement, you can take out a portion of your balance as a loan. BLUEPRINT ...

Disadvantages of 401(k) loans. Potential impact on retirement savings: The biggest drawback of a 401(k) loan is that the money you take out of your 401(k) account won't grow.

Costlier than 401(k) loans. Personal loans are offered by for-profit financial institutions and often come with higher interest rates, even for very qualified borrowers.

If you took a $10,000 loan from your 401(k) 20 years before retirement, took five years to repay the loan at 5% interest and were earning 8% on your investments, you'd lose about $2,625 in ...

401(k) loans require little in the way of administration. There is no loan application, no credit report, no personal questions, and no justification. For many people this is the easiest and ...

Thinking of borrowing money from your 401(k)? It could be a decent idea under the right circumstances, but be prepared for it to cost you in ways you probably hadn't even thought about.

A 401(k) loan can provide a way to access your account funds for short-term liquidity.; 401(k) loans also have no impact on your mortgage, whether it’s your current mortgage or one you are ...