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 ...

A surprisingly large number of Americans lack the basic knowledge of personal finance terms, and many delay taking action on their financial goals. According to a Beyond Finance survey, as much as ...

In a financial landscape marked by soaring inflation and higher interest rates, it's not surprising that a growing number of Americans are turning to their retirement accounts to meet immediate ...

Understand the risks of 401(k) loans, including the potential impact on retirement savings, tax implications, and loan defaults. Explore alternative options.

Tapping retirement funds to pay debt may have short- and long-term drawbacks. If you are facing a hardship, you may be eligible to withdraw some of your 401(k) funds without paying a penalty.