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  2. The pros and cons of taking out a 401(k) loan - AOL

    www.aol.com/finance/pros-cons-taking-401-k...

    Before deciding to borrow money from your 401(k), keep in mind that doing so has its drawbacks. You may not get one. Having the option to get a 401(k) loan depends on your employer and the plan ...

  3. Experts Explain: Should You Ever Borrow From Your 401(k) To ...

    www.aol.com/experts-explain-ever-borrow-401...

    Borrowing or withdrawing from a retirement plan should be nearly a last resort, after other, better options have been exhausted. In my experience, the 401(k) is tapped too early by most people ...

  4. The best ways to borrow money - AOL

    www.aol.com/finance/best-ways-borrow-money...

    A 401(k) loan allows you to borrow from your retirement savings account. Unlike a 401(k) withdrawal , there is no penalty for taking a loan out from your account — and the interest you pay on ...

  5. 401(k) - Wikipedia

    en.wikipedia.org/wiki/401(k)

    In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer. This pre-tax option is what makes 401 (k) plans ...

  6. A complete guide to 401(k) retirement plans: What is a ... - AOL

    www.aol.com/finance/complete-guide-401-k...

    Unlike traditional pension plans, in which the employer promises a specified monthly benefit at retirement, 401 (k) plans are funded by contributions deducted directly from the employee’s ...

  7. 9 biggest 401(k) mistakes to avoid - AOL

    www.aol.com/finance/8-biggest-401-k-mistakes...

    Here are the biggest mistakes you can make with your 401 (k) and how to avoid them. 1. Not making saving a habit. Not contributing enough, not contributing consistently and not increasing ...

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