• 401(k) loans allow access to retirement funds without a credit check. • Loans can be up to $50,000 or 50% of your balance, whichever is less. • Repayment flexibility includes payroll deductions ...

Borrowing from your 401(k) might sound appealing when you need quick cash. After all, the typical 401(k) loan interest rate is low — usually the prime rate plus 1%, and you’re essentially paying ...