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Borrowing Against Your 401(k)

October 8th, 2008 · Comments Off on Borrowing Against Your 401(k)

As household budgets get pinched and credit markets tighten, a growing number of Americans are making “hardship withdrawals” from their 401(k) plans. One major fund group cites a 15 percent increase in activity from this time last year for various reasons including staving off foreclosure and medical emergency. However, 401(k) loans should only be made with careful […]

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Tags: Consumer Interest · Consumer Lending · Economy · Real Estate