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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...

   Can you pay off a 401(k) loan early? Yes, loans from a 401(k) plan can be repaid early with no prepayment penalty. Many plans offer the option of repaying loans through regular payroll deductions ...

3. 401(k) withdrawal rules: What to know before cashing out ...

   www.aol.com/finance/what-are-401k-withdrawal...

   The minimum withdrawal age for a traditional 401 (k) is technically 59½. That’s the age that unlocks penalty-free withdrawals. You can withdraw money from your 401 (k) before 59½, but it’s ...

4. How to withdraw money from a 401(k) early - AOL

   www.aol.com/finance/withdraw-money-401-k-early...

   Once you’ve owned the Roth 401 (k) for at least five years and are at least 59 ½ years old, you can withdraw both contributions and earnings without penalty or tax. Just be careful here because ...

5. 401(k) Hardship Withdrawals: What You Need To Know - AOL

   www.aol.com/finance/401-k-hardship-withdrawals...

   A 401(k) plan loan allows you to borrow against the balance of your 401(k) plan. If your employer allows plan loans, you can borrow up to $50,000 or 50% of your vested account balance, whichever ...

6. 401(k) Loans and Early Withdrawals Are at Record Levels - AOL

   www.aol.com/401-k-loans-early-withdrawals...

   Besides sacrificing your financial future, taxes and penalties on early 401(k) plan withdrawals can exceed 50% in some states for those with high incomes. Yet, a recent study from the Transamerica ...

7. What To Do If You Borrowed Money From Your 401(k) in 2020 - AOL

   www.aol.com/finance/borrowed-money-401-k-2020...

   Plus, making extra payments on a 401(k) loan provides a huge additional benefit -- the sooner you can pay off your loan, the faster those payments can be used instead to build your retirement account.