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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...

    When you take out a loan from your 401 (k) plan, you’ll get terms like you would with any other type of loan: There’s a repayment plan based on how much you borrow and the interest rate you ...

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

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

    While most 401 (k) plan loans can have maturities of up to five years, if you leave your job for any reason, you may have to repay your loan in a hurry.

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

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

    If the immediate relief of debt repayment outweighs the long-term benefits of keeping your retirement savings intact.

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

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

    While borrowing from your 401(k) account can hurt your long-term retirement planning, that’s not the only consideration. There are also tax implications if you’re not able to repay the funds ...

  6. 401(k) withdrawal rules: What to know before cashing out ...

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

    With a 401 (k) loan, you can generally avoid the taxes and penalties that come with an early withdrawal, and you’re typically given five years to repay what you borrow.

  7. Interest-only loan - Wikipedia

    en.wikipedia.org/wiki/Interest-only_loan

    Interest-only loan. An interest-only loan is a loan in which the borrower pays only the interest for some or all of the term, with the principal balance unchanged during the interest-only period. At the end of the interest-only term the borrower must renegotiate another interest-only mortgage, [1] pay the principal, or, if previously agreed ...

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

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

    “If this happens, the loan immediately becomes a taxable withdrawal. No other loans will tie you to a specific job, which can limit your options for work over the term of the loan.

  9. 401(k) Hardship Withdrawals: What You Need To Know - AOL

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

    But a 401 (k) loan has strict terms, and if you don’t repay the loan within five years or lose your job, you may be on the hook to repay the entire balance immediately.

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