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Bridging the Gap

Between industry news and personal experience.

Understanding 401(k) Loans Thumbnail

Understanding 401(k) Loans

Although not required by law, many 401(k) plans offer a loan provision as a way for plan participants to access money prior to retirement. The thinking is that more employees will contribute to the plan if they know they can tap into their savings should they incur an unexpected expense while working; conversely, if employees can only access their savings at retirement, employees may decide not to contribute at all.

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