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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. 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 the ...

4. What is a TSP loan? - AOL

   www.aol.com/finance/tsp-loan-191530282.html

   The TSP loan rate charged will be equivalent to the G Fund rate (Government Securities Investment Fund) the month before you requested the loan. Much like a 401(k) loan, when you pay interest ...

5. 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 ...

6. Second mortgage - Wikipedia

   en.wikipedia.org/wiki/Second_mortgage

   The fixed interest rate charged on such loans is set at the time of loan origination which ensures constant monthly repayments throughout the loan term. In contrast, home equity lines of credit are open-ended and based on a variable interest rate. [22]

7. Effective interest rate - Wikipedia

   en.wikipedia.org/wiki/Effective_interest_rate

   The effective interest rate ( EIR ), effective annual interest rate, annual equivalent rate ( AER) or simply effective rate is the percentage of interest on a loan or financial product if compound interest accumulates over a year during which no payments are made. It is the compound interest payable annually in arrears, based on the nominal ...