Friday, July 7, 2017

A High-Wire Act: Paying Off Debt With Retirement Money

Most people consolidate debt with a personal loan or a balance-transfer credit card. Others tap the equity in their homes. These options all come with risk. By comparison, taking a 401(k) loan might look benign — but it could be the riskiest choice of all. 401(k) loans: Cheap but fraught Most 401(k) plans allow users to borrow against their retirement savings. “About 1 in...



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