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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...

   The ability to take out a loan helps make a 401 (k) plan one of the best retirement plans, but a loan has some key disadvantages. While you’ll pay yourself back, you’re still removing money ...

3. How Much Interest Will I Pay on a 401(k) Loan? - AOL

   www.aol.com/much-interest-pay-401-k-131917026.html

   If you borrow from your 401k account, your employer's retirement account plan documents will determine how much interest you'll pay on the loan. Adding 1% to the prime rate is a common approach to ...

4. Using a 401(k) loan to buy a car: Is it ever a good idea? - AOL

   www.aol.com/finance/using-401-k-loan-buy...

   The interest rate available through your 401(k) fund may be more favorable. ... If you cannot get a more reasonable interest rate elsewhere, a 401(k) loan may be the right choice.

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

   www.aol.com/borrowed-money-401-k-2020-190039609.html

   The raging coronavirus pandemic in 2020 forced many Americans to do something they likely never thought they'd have to: take a loan from their 401(k) plan. In fact, recognizing the economic...

7. 8 Steps Before Taking Out a 401(k) Loan - AOL

   www.aol.com/news/8-steps-taking-401-k-loan...

   Some companies allow you to take a loan from your 401(k) and then pay back the amount with interest. -- Understand how a 401(k) loan works. 8 Steps Before Taking Out a 401(k) Loan

8. 2 Pros and Cons of Tapping Your 401(k) To Buy a Home - AOL

   www.aol.com/2-pros-cons-tapping-401-160104001.html

   Parrish added that an “obvious pro” is, if you can borrow with a 401(k) loan that you are comfortable paying back over time, it frees up more cash immediately to use toward your down payment ...

9. Pros and Cons of 401(k) Loans - AOL

   www.aol.com/news/pros-cons-401-k-loans-155000816...

   Read out about 6 pros and 4 cons of 401(k) loans to see if taking a loan is right for you. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ...