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 ...

If you're 52 years old with an $11,000 legal tab to cover — and you have an individual retirement account — you may be ...

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

I’m 59 with just $42,000 in my 401(k), $77,000 in student loans, and no property — after a lifetime of steady work and past ...

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 ...

IRAs do not offer loans, although some 401(k) plans do. IRA funds can be accessed via 60-day indirect rollovers while avoiding penalties, but this can be a risky option. 401(k) loans permit ...

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 ...

“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 ...

If you are paying off student loans and finding it hard to save for retirement, there is some great news. A new ...

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 ...

If you're juggling student loan payments and struggling to save for retirement, there's some good news. Thanks to a new provision under the SECURE 2.0 Act, your employer may now he ...