Does It Make Sense To Borrow From My 401(k)?

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Does It Make Sense To Borrow From My 401(k)?

By Susan Ladika on February 9th, 2012 at 11:45 am

Not all companies allow you to borrow from your 401(k), but a survey by the Employee Benefit Research Institute (EBRI) found the practice was more common among bigger employers than small ones. At the end of 2010, about one in five 401(k) participants who were eligible to borrow from their plans had outstanding loans. .

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