Numerous 401(k) plans allow users to borrow on their your your your retirement cost cost savings. It’s a fairly low-interest loan option that some individuals used to combine personal credit card debt — meaning, using a more favorable loan to settle a few high-interest charge card balances. But NerdWallet cautions against having a 401(k) loan except as a final resort.
What exactly is a k that is 401( loan? The actual price of a k that is 401( loan
Employer guidelines can vary, but 401(k) plans typically allow users to borrow as much as half their retirement balance for no more than 5 years. [Read more…]