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

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

Retiring with debt can make concerns about outliving your savings even more pressing because a significant chunk of your ...

a 401(k) loan allows for quick access to money during urgent situations. Potential Lower Interest Rates Compared to Other Types of Loans 401(k) loans often have lower interest rates compared to ...

Kopp edits features on a wide range of subjects for Investopedia, including investing, personal finance, retirement planning ... They'll have to pay interest on the loan in either case.

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 ...

As if student debt wasn't already crippling enough, interest rates on federal loans are set ... where she focused on retirement- and financial-adviser-related content. Before that, Becca was ...

If you're having trouble managing credit card balances, consider consolidating your debt to save time and money.

Moreover, home equity lending options typically offer competitive interest rates since they're backed by your home. But home equity loan rates fluctuate in response to federal funds rate ...

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 ...

With the interest rate climate changing again, it helps borrowers to know what a good home equity loan rate is now.

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 ...