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 ...

retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. Sign up When combined with the loan’s interest rate ...

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 ...

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 distributions, you're still taking money out of your retirement accounts, ...

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 ...

My wife owns and operates a family business on a property that we own ... having a mortgage on it. (If you have retirement planning questions like this one, connect with a financial advisor ...

“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 ...

Generally, you should only make 401(k) withdrawals as you enter retirement, but there are certain situations in which you may ...

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 ...