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August 14, 2017

The astonishingly high risk of 401(k) loans

  • The rates are low but how you repay the loans can mean big losses in your future retirement income.
    • By LIZ WESTON
    NerdWallet

    If anyone tells you a 401(k) loan is a cheap way to borrow, they are both right and very, very wrong.

    401(k) loan interest rates are low. But the way many Americans repay them spells disaster.


     
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