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Borrowing Money

401K

Borrowing From Your 401(k) Is Costly And Risky

While the law allows you to borrow up to $50,000 from your 401(k) plan, there are tax law implications and other issues that make it a bad financial plan.

05/15/2014

(credit: Elizabeth Hur/CBS3)

The Cost Of A ‘Pay Day’ Loan

A payday loan usually carries a much higher interest rate if not fully repaid than a regular loan or even a credit card finance charge.

01/21/2014

(File photo)

Borrowing Against Your 401K Plan

While the law allows you to borrow up to $50,000 from your 401(k) plan, there are tax law implications.

05/25/2012