In short, a personal loan is an unsecured loan you get from a bank. You have to qualify for it, and you pay it back, with interest over a fixed length of time. A 401(k) loan is, as the name implies, a ...

The dos and don'ts of life are rarely black and white. What's right for one person may not be right for another. That's certainly the case with borrowing from a 401(k). Ideally, no one would ever need ...

A 401(k) hardship withdrawal refers to the process of taking out funds from your 401(k) account due to immediate and severe financial need. These withdrawals, however, are subject to income tax, and ...

A 401(k) loan allows you to borrow funds directly from your retirement savings, which you then repay with interest back to your own account. While this can seem appealing since you’re essentially ...