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Planning to Retire

July 2013


The Dangers of 401(k) Loans

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It’s sometimes necessary for workers to borrow money from their 401(k) plan to pay for an emergency expense. Retirement savers are generally permitted to borrow as much as 50 percent of their vested 401(k) balance up to $50,000. However, it’s best if you use a 401(k) loan only as a last resort.

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retirement
401(k)
loans