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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...

   Early withdrawals are less attractive than loans. One alternative to a 401(k) loan is a hardship distribution as part of an early withdrawal, but that comes with all kinds of taxes and penalties ...

3. Here Are the Biggest 401(k) Mistakes Each Generation Is Making

   www.aol.com/finance/biggest-401-k-mistakes...

   Gen Xers: Taking 401(k) loans A 401(k) loan is often a wiser play than an early withdrawal, which triggers income taxes, plus a 10% penalty tax if you're under age 59 1/2 at the time.

4. 5 debts to prioritize paying off before retirement - AOL

   www.aol.com/finance/debts-to-pay-off-retirement...

   The average car loan rate is 8.40% for five-year terms and 8.76% for six-year terms, with the average loan balance among those ages 50 and up at $21,587. ... Don’t tap into your 401(k) or IRA to ...

5. What's the Most I Borrow From My 401(k)? - AOL

   www.aol.com/finance/whats-most-borrow-401-k...

   If you contribute to a 401(k) retirement account, you may be able to take a loan from the plan. The maximum amount you can borrow is limited to the lower of $50,000 or up to 50% of your vested ...

6. 8 Steps Before Taking Out a 401(k) Loan - AOL

   www.aol.com/news/8-steps-taking-401-k-loan...

   Some companies allow you to take a loan from your 401(k) and then pay back the amount with interest. Follow these steps before borrowing funds from your 401(k) plan. 8 Steps Before Taking Out a ...

7. Financial experts say aging US seniors should consider this 1 ...

   www.aol.com/finance/financial-experts-aging-us...

   Roth conversions of your traditional IRA or 401(k) accounts later in life tend to go against conventional wisdom, but depending on your financial situation, this one simple move could save you ...

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

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

   Imagine you have $100,000 in your 401(k), and you’re considering withdrawing $20,000 to pay off debt. If you’re in the 25 percent tax bracket and you’re under 59 ½ years old, you’d pay a ...

9. 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 ...