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  2. Using a 401(k) loan to buy a car: Is it ever a good idea? - AOL

    www.aol.com/finance/using-401-k-loan-buy...

    Borrowing against your 401(k) to purchase a car can be tempting, especially if you don’t have other savings. While no laws specifically prohibit using a 401(k) loan to buy a car, there are ...

  3. 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 ...

  4. What is a debt consolidation loan — and how can it help you ...

    www.aol.com/finance/what-is-a-debt-consolidation...

    Of course, this simple-math scenario doesn't account for minimum payments or fees you might be paying on your card debt, so be sure to calculate your potential savings against your real-life rates ...

  5. 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 ...

  6. 401(k) - Wikipedia

    en.wikipedia.org/wiki/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. This pre-tax option is what makes 401 (k) plans ...

  7. Top 5 debts to prioritize paying off before retirement - AOL

    www.aol.com/finance/debts-to-pay-off-retirement...

    3. Auto loans. After personal loans, focus on paying off auto loans next if it makes sense. The average auto loan rate is 8.20% for five-year terms and 8.32% for six-year terms, with the average ...

  8. 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 ...

  9. How to withdraw money from a 401(k) early - AOL

    www.aol.com/finance/withdraw-money-401-k-early...

    For example, consider this scenario developed by 401(k) plan sponsor Fidelity: Taking a loan: A 401(k) participant with a $38,000 account balance who borrows $15,000 will have $23,000 left in ...

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