Should You Take a 401k Loan?

If you find that you need a loan to meet immediate needs, you may be tempted to borrow money from your 401k retirement plan. After all, it's your money, and who better to ask for a loan than yourself?

Still, you should think twice before tapping your 401k plan for a loan. You could be causing irreparable harm to your retirement when there may be alternatives, such as a line of credit, that could meet your financial needs more effectively. Continue reading about 401k loans ...