As of September last year, $8.9 trillion was sitting in 401(k) retirement accounts, according to the Investment Company ...

See how we rate investing products to write unbiased product reviews. A 401(k) loan allows you to borrow money from your retirement account and repay it within five years. It isn't the same as a ...

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 ...

loan is an essential consideration for any individual thinking about tapping into retirement savings. Here, we break down how this process typically works and what factors can influence the timeline.

A 401(k) loan allows you to borrow funds directly from your retirement savings, which you then repay with interest back to your own account. While this can seem appealing since you’re ...

A 401(k) loan can derail your retirement savings. Weigh the risks and consider other financing options. Many, or all, of the products featured on this page are from our advertising partners who ...

one option you may have available is taking out a 401(k) hardship loan or using a 401(k) hardship withdrawal to help fund some of those expenses. However, it's important to note that before ...

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 ...

Some 13% of 401(k) participants had an outstanding loan against their retirement accounts, according to a 2023 Vanguard study, with an average loan amount of $10,708. But as Vince DeCrow ...

More than 50% of Americans feel that the cost of higher education is out of hand, according to the most recent statistics from Bankrate. And it’s hardly surprising. As of mid-December, more than ...

“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 ...