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

When you borrow money from a 401k, investments in your 401k account are sold so cash can be distributed to you upfront.

You might also find yourself considering borrowing from your 401(k). While a 401(k) loan is often quick and typically cheaper than other types of credit, it could also end up jeopardizing your ...

The problem is that if you don’t repay your loan, it’ll be treated as a 401(k) distribution. Consider the risks and alternatives before getting a 401(k) loan. A lot of people are struggling to ...

Not all 401(k) plans allow loans; check with your plan administrator first ... Borrowing money from a 401(k) is a common strategy used to get through hard times. There are some perks to it ...

(k) loans have been a popular option for many people, but it could put your future in jeopardy. Consumer Investigator Rachel DePompa gets tips from NerdWallet on how to approach a 401(k) loan.

So for example, if you pay $200 a month in student loans, you could get a $ ... allows your employer to treat the student loan payment as a qualifying contribution to your 401(k) or other similar ...

“It can get messy quickly, but basically, is the interest paid greater than the value of the time you borrowed the funds.” My wife and I took out a 401(k) loan to assist us with the cost of ...