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Community: Investing Wiki

Term Of The Hour

borrowing from 401k: Original post by Chris Joseph of Demand Media If you have a 401k retirement savings plan at work, it may contain a loan provision. You'll typically be able to borrow up to $50,000 or half your vested account balance, whichever is less, and you'll have five years to repay the money. Borrowing from your 401k can offer a number of advantages as well as disadvantages.

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