borrowing from your 401(k) is associated with other drawbacks, such as rapid repayment upon job loss and default consequences. If you lose your job, you may be required to repay the loan by your ...

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

The increase in loans and balances is a burden on graduates who are launching their careers and lives. After students finish school and enter the workforce, repayment ... a 401(k) plan and you ...

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.

The benefit of a 401(k) loan is potentially having an easier time accessing your money and paying interest to yourself instead of a bank. The problem is that if you don’t repay your loan ...

It’s a lump sum you got tax free. The 401(k) loan simply gives you the ability to defer the tax bill to align with your repayment schedule over a number of years, making it a more beneficial ...

Put another way, Millennials who are so burdened by paying off student debt that they’re not voluntarily contributing to their workplace 401K ... high student loan balances and repayment plans.