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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 pros and cons of taking out a 401(k) loan. James Royal, Ph.D. March 22, 2024 at 1:41 PM. Portions of this article were drafted using an in-house natural language generation platform.

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

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

    The Pros and Cons of Withdrawing on Your 401(k) Early. Andrew Lisa. November 16, 2021 at 7:00 AM. ... Consider a 401(k) Loan or Hardship Withdrawal Instead. The good news is, early withdrawals ...

  4. Pros and Cons of 401(k) Loans - AOL

    www.aol.com/news/pros-cons-401-k-loans-155000816...

    Read out about 6 pros and 4 cons of 401(k) loans to see if taking a loan is right for you. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ...

  5. 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 ...

  6. Should you use retirement savings to pay off debt? - AOL

    www.aol.com/finance/retirement-savings-pay-off...

    401(k) loans. If you’re set on tapping your retirement account to pay off debt, taking out a 401(k) loan might be a better move than taking a hardship withdrawal. ... Weigh the pros and cons ...

  7. The best ways to borrow money - AOL

    www.aol.com/finance/best-ways-borrow-money...

    Other ways to borrow money, like a 401(k) loan or through a public agency, may require you to meet specific eligibility requirements. ... Cons. Open checking or savings account may be required ...

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