• The pros and cons of 401(k) loans

  • Oct 22 2024
  • Duración: 16 m
  • Podcast

The pros and cons of 401(k) loans

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  • Resumen

  • 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.

    New episodes drop bi-weekly on Tuesdays.

    Have a comment or episode idea? We’d love to hear from you! Email us at moneyunscripted@fidelity.com.

    Be sure to follow, like, and share Money Unscripted!

    © 2024 FMR LLC. All rights reserved.

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