When you borrow money from a 401k, investments in your 401k account are sold so cash can be distributed to you upfront.

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

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, ...

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 ...

(InvestigateTV) — Vanguard reported that 13% of 401(k) holders had an outstanding loan at the end of 2023. People borrow from their 401(k) for various reasons, such as paying off consumer debt ...

The benefit of a 401(k) loan is potentially having an easier time accessing your money and paying interest to yourself instead of a bank. The problem is that if you don’t repay your loan ...