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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...

   For example, if you had a 401(k) loan balance and left your employer in January 2024, ... Some costs for buying a principal home. Tuition, fees and education expenses.

3. 401(k) - Wikipedia

   en.wikipedia.org/wiki/401(k)

   Many plans also allow participants to take loans from their 401(k). The "interest" on the loan is paid not to the financial institution, but is instead paid into the 401(k) plan itself, essentially becoming additional after-tax contributions to the 401(k). The movement of the principal portion of the loan is tax-neutral as long as it is ...

4. How to withdraw money from a 401(k) early - AOL

   www.aol.com/finance/withdraw-money-401-k-early...

   For example, consider this scenario developed by 401(k) plan sponsor Fidelity: Taking a loan: A 401(k) participant with a $38,000 account balance who borrows $15,000 will have $23,000 left in ...

5. 401(k) withdrawal rules: What to know before cashing out ...

   www.aol.com/finance/what-are-401k-withdrawal...

   A 401(k) loan is a type of loan that allows active employees to borrow from a retirement account balance, making you both the lender and the borrower. Not all retirement plans allow for 401(k ...

6. 401(k) and IRA hardship withdrawals – 5 ways to minimize ...

   www.aol.com/finance/401-k-ira-hardship...

   Costs relating to the purchase of a principal residence. ... With a 401(k) loan, you can take out the money you need, while avoiding taxes and penalties associated with a hardship withdrawal. In ...

7. 401(k) Hardship Withdrawals: What You Need To Know - AOL

   www.aol.com/finance/401-k-hardship-withdrawals...

   Costs related to purchase of principal residence. ... A 401(k) plan loan allows you to borrow against the balance of your 401(k) plan. If your employer allows plan loans, you can borrow up to ...