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The pros and cons of 401(k) loans
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Maybe your car breaks down or an unexpected medical bill pops up. You need money and don’t have enough in the bank. What if you borrowed the cash from your 401(k)? On this episode of Fidelity’s Money Unscripted, join host Ally Donnelly for a deep dive on 401(k) loans. We look at how they work, how much you can borrow and what to consider before tapping your retirement savings.
Thinking about a 401(k) loan? https://www.fidelity.com/viewpoints/financial-basics/taking-money-from-401k?ccsource=401kLoan_pod
How to save for emergencies: https://www.fidelity.com/viewpoints/personal-finance/save-for-an-emergency?ccsource=401kLoan_pod
View all episodes here: https://www.fidelity.com/learning-center/money-unscripted.
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