When you want to borrow from your 401(k) to settle an emergency, hesitation might creep in when you consider the effect of such a loan on your credit history. Since conventional loans typically show...
Category: Retirement and Savings
Withdrawing money from a 401k before the approved age of 59½ years old can sometimes feel like an arduous task. Hardship withdrawals often feel like the only way to get your money out before time....
Can a 401K Loan Be Denied? Why Does My 401K Not Allow Loans?
When you have a pressing financial need, it might make sense to tap into your 401k by applying for a loan. But even though you’re technically borrowing money that you already own, you’re not...
Educating yourself about the nuances of a 401(k) retirement account will require understanding the terminology associated with such an instrument. Understanding the difference between a 401(k)...
Understanding the intricacies of one country’s tax and retirement system is complicated enough. The process can become infinitely more difficult when you consider balancing these same policies in a...
A 401(k) plan is a financial tool that allows you to save a percentage of your pre-tax dollars for retirement. And, because life is unpredictable, you are allowed to take out loans and make...