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

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 ...

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

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 ...

Seniors should carefully evaluate both home equity borrowing options before applying. Here's what to consider now.

If you don't have great credit, you might struggle to get a loan or snag a competitive interest rate. The upside of taking out a 401(k) loan is that you're borrowing from yourself, so poor credit ...

Aaron Cirksena, founder and CEO of MDRN Capital, warns that when considering taking out a 401(k) loan, you may think you have no other option or if the interest rate is low, but generally ...