Know Your Options: Borrowing From Your 401k Plan

Unfortunately, there may be a time when you feel as though you have no other recourse but to tap into your retirement fund. Unforeseen circumstances like the death of a spouse or family member, large medical bills, and similar situations can leave you, and your bank account, feeling drained. In these situations, it might be possible to borrow from your 401k without incurring penalties, but before you decide, keep in mind the following.

By |2020-04-17T18:00:14+00:00January 29th, 2019|401(k) Rollovers|