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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...

    Before deciding to borrow money from your 401(k), keep in mind that doing so has its drawbacks. You may not get one. Having the option to get a 401(k) loan depends on your employer and the plan ...

  3. Experts Explain: Should You Ever Borrow From Your 401(k) To ...

    www.aol.com/experts-explain-ever-borrow-401...

    There are good reasons to borrow from a 401(k), ... in terms of debt products that could have low enough interest rates to satisfy your needs, Kate said. ... Borrowing against a cash value life ...

  4. Can I use my 401(k) to buy a house? - AOL

    www.aol.com/finance/401-k-buy-house-221331097.html

    You’ll miss out on interest: When you withdraw money from a 401(k) account, you limit the impact of compound interest on your retirement savings. Assuming a 7 percent annual growth rate, if you ...

  5. How Much Interest Will I Pay on a 401(k) Loan? - AOL

    www.aol.com/much-interest-pay-401-k-131917026.html

    If you borrow from your 401k account, your employer's retirement account plan documents will determine how much interest you'll pay on the loan. Adding 1% to the prime rate is a common approach to ...

  6. 3. Calculate how much you can afford to pay - AOL

    www.aol.com/finance/how-to-pay-off-credit-card...

    This approach lets you borrow up to 50% of your 401(k) balance or $50,000, whichever is less. ... Savings interest rates today: Grab the weekend's highest APYs of up to 4.75% for fast, safe growth ...

  7. Using a 401(k) loan to buy a car: Is it ever a good idea? - AOL

    www.aol.com/finance/using-401-k-loan-buy...

    Compare rates, terms and fees from traditional lenders to evaluate whether borrowing against your 401(k) is the best move for you. Borrowing against your 401(k) to purchase a car can be tempting ...

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