Month: January 2021

January 16, 2021

What Are The Pros of Borrowing Against Your 401(k)?

Although many financial planners and money managers advise against borrowing from your 401(k), there are some pros of doing so: You don’t have to apply. Because you are borrowing money from your own retirement savings account, there is no loan application to fill out. Nor do you have to provide reams of documents, a business plan or other paperwork, all of which are required for […]