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What Is The Impact Of Borrowing From My 401(k) Plan?

Many people borrow from their company-sponsored 401(k) plan to pay off high interest debt or to make a major purchase. Although the borrowing rates may be favorable, usually 1-2% above the prime rate, the impact on future retirement earnings needs to be taken into account. Use this calculator to help you make your decision.


401(k) Loan Assumptions
Debt Detail (If 'Yes' Above)