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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...

    Advantages of borrowing from a 401 (k) Borrowing from your 401 (k) isn’t ideal, but it does have some advantages, especially when compared to an early withdrawal. Avoid taxes or penalties. A ...

  3. Should you use retirement savings to pay off debt? - AOL

    www.aol.com/finance/retirement-savings-pay-off...

    A 401(k) loan allows you to borrow against your retirement savings and pay yourself back over time with interest, without incurring taxes and penalties as long as it’s repaid according to the ...

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

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

    One of the biggest risks with a 401 (k) loan is getting laid off or leaving your job, Kates explained. “If this happens, the loan immediately becomes a taxable withdrawal. No other loans will ...

  5. 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 ...

  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. Alternatives to personal loans: 7 options & when to avoid them

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    6. Retirement loans. People with money saved in an employer-sponsored retirement plan may be eligible to borrow money against it with a 401(k) loan. No credit check is required and interest rates ...

  8. How to get equity out of the house you’ve paid off - AOL

    www.aol.com/finance/equity-house-ve-paid-off...

    However, if you borrow against your home by, for example, taking out a home equity loan, you don’t have to pay taxes on the loan proceeds — you get the money tax-free.” Cons of tapping ...

  9. 3 Reasons To Consider Borrowing From Your 401(k) - AOL

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    Is it a good idea to borrow from your 401(k)? Some individuals with hefty expenses, like student loans, may consider dipping into these accounts to cover bills or pay off debt. Here are some of the...

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