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While you might be able to borrow from a 401(k), that doesn’t mean you should. Yes, we are in a recession. Yes, times are tough. But borrowing from your 401(k) could prove highly detrimental to your financial health.
Tags: 401, 401 K Contributions, 401 K Plans, Account Balance, bank account, Borrowing From Your 401k, Consequence, Distribution Subject, Economics, Financial Health, Guess, Human development, Individual Retirement Account, Interest, Internal Revenue Code, Last Resort, Match, Paychecks, Personal finance, Pete Mitchell, Recession, Retirement, Retirement Account, Retirement Savings, State Income Taxes, Taxable Distribution, Taxation in the United States, Time Period, Time Value Of Money, Value Of Money
