With a loan, however, you get the money back. Learn when you might want to borrow money from your 401 (k), plus the rules and regulations to keep in mind. Basics of 401 (k) Loans Technically, 401 (k) ...

Borrowing from your 401(k) might sound appealing when you need quick cash. After all, the typical 401(k) loan interest rate is low — usually the prime rate plus 1%, and you’re essentially paying ...