Good News -- Fewer Savers Made This Dangerous 401(k) Move Last Quarter
Inflation has created a financial crunch for a lot of people this year. So if you've had a harder time covering your living costs, you're in good company.
In fact, you may have reached the point where you needed a loan this year. And if so, rather than dealing with applications at various banks and lending institutions, you may have instead looked to your 401(k) plan.
If you have your retirement savings in an IRA, you can't take out a loan against your balance. But many 401(k) plan administrators do allow savers to borrow against their balances.
Source Fool.com
