Are these simple, low-interest loans well worth the chance?

Are these simple, low-interest loans well worth the chance?

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On very first glance, 401(k) loans noise too advisable that you be true: low interest rate, no credit check, no old-fashioned application. That’s because it is sometimes too good to be real. Even though you lose your job if you’re able to pay back a 401(k) loan on schedule, you stand to lose thousands from your retirement savings — and more.

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401(k) loan snapshot

Exactly exactly exactly What it really is that loan obtained from your k that is 401 account which you repay with interest over 5 years. Continue reading “Are these simple, low-interest loans well worth the chance?”