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

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

   There are good reasons to borrow from a 401(k), but there aren’t many, according to Stephen Kates, CFP, principal financial analyst for Annuity.org and a former wealth management advisor.

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

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

   Understand How the Interest Charges Work. One of the main distinctions between a 401(k) loan and other types of loans is that you pay the interest to your own account, rather than to a bank or ...

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. 5 ways to avoid taking early withdrawals on your 401(k ... - AOL

   www.aol.com/finance/5-ways-avoid-taking-early...

   Five ways to avoid tapping your retirement accounts. 1. Get an emergency fund (starting today) The best way to avoid having to take an early withdrawal is to prevent the situation from happening ...

7. 401(k) and IRA hardship withdrawals – 5 ways to minimize ...

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

   So if they need the money for other hardship reasons (such as a principal residence, tuition or funeral expenses), account owners will still end up paying the 10 percent penalty tax. 4. Focus on ...

8. Borrowers Beware: 401 (k) Loans Hold a Hidden Risk - AOL.com

   www.aol.com/news/2012-08-20-401k-loans-hidden...

   Applying a similar insurance premium rate to a $10,000 401(k) loan would force workers to pay $85 per month for credit insurance -- an amount that few struggling workers will want to pay to access ...

9. The Pros and Cons of Withdrawing on Your 401(k) Early - AOL

   www.aol.com/finance/pros-cons-withdrawing-401-k...

   People love 401(k) plans because they're simple, contributions are automatic and, in many cases, they offer free money in the form of matching employer funds. Unlike Roth IRAs and annuities ...