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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...

   A 401(k) loan is often a better financial choice than other short-term funding options such as a payday loan or even a personal loan. These other loan options typically come with high interest ...

3. Mortgages for seniors: Getting a home loan in retirement - AOL

   www.aol.com/finance/mortgages-seniors-getting...

   DTI ratio. Calculate your DTI ratio using this formula: DTI = Monthly debt payments (including mortgage or rent) / monthly gross income x 100. Some lenders allow a DTI ratio as high as 50 percent ...

4. Will 401(k) Loans Impact My Taxes? - AOL

   www.aol.com/finance/401-k-loans-impact-taxes...

   The advantages of a 401(k) loan can include borrowing from one’s own savings, often at a lower interest rate than commercial loans, with the interest paid back into the your retirement account.

5. 401(k) - Wikipedia

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

   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.

6. 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 ...

7. 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 ...