Loan Repayment

The Hidden Costs of Borrowing from Your401(k) Retirement Plan

The Hidden Costs of Borrowing from Your401(k) Retirement Plan

Written by: Jeff Feld, CPA and Principal Taking a loan from your 401(k) retirement plan may seem like an attractive option because you are borrowing from yourself. However, a closer look exposes the potential drawbacks and hidden costs associated with this decision....