A 401(k) loan can boost retirement plan participation and offer low-cost borrowing in emergencies—if you understand the ...

Sounds pretty good, right? What could be the problem with taking out a 401 (k) loan? Since you asked, here are a few of them: – You’ll likely reduce your retirement savings.

Ideally, no one would ever need to borrow from their retirement account, but here's when it may or may not make sense.

Sure, 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.

While a 401 (k) loan might seem like a good way to borrow money, there’s a risk. If you don’t repay that loan on time, it gets treated like a full-fledged 401 (k) plan withdrawal.

Credit issues: When there's an emergency and your credit score makes it difficult to qualify for an affordable loan elsewhere, your 401 (k) could be your best bet.

Learn how to start a 401(k) plan for your business. Discover the eligibility, essential steps and gain insights into the ...

Thinking about raiding your 401(k) for quick cash? Learn why a personal loan could be a smarter, lower-cost move to protect your future and handle life's expenses.

Urgent need: If a loan is necessary to meet an immediate financial need, it could make sense. Credit issues: When there's an emergency and your credit score makes it difficult to qualify for an ...