From Nasdaq: 2025-04-27 15:16:00

Thinking about borrowing from your 401(k) plan? Not all plans allow loans, so check with your plan sponsor first. Consider alternative options like personal loans, credit cards, home equity loans, or selling assets. Borrowing from your retirement account can be costly and may hinder your portfolio growth. You may also face double taxation. Before taking a loan, explore all alternatives to make the best financial decision. And don’t forget to maximize your Social Security benefits for a boost in retirement income. Join Stock Advisor to learn more about these strategies.



Read more at Nasdaq: Tempted to Borrow From Your 401(k)? 4 Things to Consider Instead