Here’s Six Things You Need to Know Before Taking a Loan On Your 401(K) Retirement Plan
Due
OCTOBER 19, 2023
Findings by investment firm Vanguard , indicate that the average 401(k) balance was roughly $141,542 in 2021, which represented a 10 percent increase from 2020. Typically people will use a 401(k) loan to pay for smaller debt, such as medical bills or even car payments.
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