A 401(k) loan lets you borrow from your workplace retirement plan and is usually repaid through payroll deductions. A personal loan is a lump sum from a lender, usually repaid with fixed monthly ...

• 401(k) loans allow access to retirement funds without a credit check. • Loans can be up to $50,000 or 50% of your balance, whichever is less. • Repayment flexibility includes payroll deductions ...

For the small business owner dealing with uncertainty over cash flow and general business needs, saving for retirement often takes a back burner. Stashing cash in an account that the owner won't be ...

Make no mistake: Borrowing from your 401(k) is rarely a good idea when it comes to financing your business. Still, it can be and has been done. First, the pros: the possibility that 401(k)s actually ...

More than one in three U.S. workers have taken loans, early withdrawals, or hardship withdrawals from their retirement savings, according to new data from the Transamerica Institute. Personal finance ...

If you default on a 401 (k) loan, the balance is usually treated as a taxable distribution. This may result in income taxes and, if you are under 59½, a 10% early withdrawal penalty. It can also ...

Financial advisors call it "leakage," a dangerous habit that drains retirement accounts to pay for today's wants. But new research suggests that 401(k) loans are rarely used for frivolous spending, ...

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