which is usually based on the current prime rate. The bad news is that you will pay interest on your 401(k) loan with after-tax dollars. When you take money out as a retiree, you are still taxed ...

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

Fact checked by Jiwon Ma Reviewed by Khadija Khartit If you have an established 401(k) plan and need to access your money, ...

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 ...

Besides lower interest rates here are some potential advantages of 401(k) loans: A 401(K) loan is not reported to credit bureaus such as Equifax, TransUnion and Experian, and therefore not ...

which can combine multiple debts with high interest rates into one loan with a lower rate. If possible, try reworking your current budget. Perhaps you can pause contributions to the retirement ...

While she covers a variety of topics, her expertise centers around loans, insurance, real estate, travel and retirement ... finding a low interest rate is key. The lower your rate, the less ...

The 401(k) loan simply gives you the ability to defer ... the pretax rate of return used in the time value of money or the interest rate paid on the loan,” he says. “It can get messy quickly ...