Borrowing Money From Your 401k Retirement Plan

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Posted on October 03, 2018 at 11:59 AM

Reviewed by on Sunday November 18 2018 Admin 3 out of 4 based on 438 user ratings
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Recent Posts For Borrowing Money From Your 401k Retirement Plan

Withdrawing or borrowing from 401(k) | Ameriprise Financial
Borrowing or withdrawing money from your 401(k) plan If you have a 401(k) plan at work and need some cash, you might be tempted to borrow or withdraw money from it. But keep in mind that the purpose of a 401(k) is to save for retirement.
Borrowing from Your 401k: What You Need to Know ...
When you borrow money from a 401k, investments in your 401k account are sold so cash can be distributed to you upfront. Typically, 401k loans are repaid over five years with equal payments. Typically, 401k loans are repaid over five years with equal payments.
How to Borrow from Your 401(k) - dummies
You can borrow from your 401(k) only if your plan document allows you to borrow for the specific reason you have in mind. Some 401(k) plans permit borrowing for any reason, but most permit loans only for certain specified reasons.

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