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

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

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 ...

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 ...

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 ...