Borrow from my 401(k) | Ed Slott and Company, LLC

Borrow from my 401(k)

Can I borrow from my 401(k) for any reason? Like to pay credit cards, car's loan, or other debts?
Please advise.

Maybe. This is plan specific, so you will have to check with your plan administrator to see if there are any restrictions for use of the funds and if you plan even allows loans at all.

 

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