Can You Take a Loan From Your 401(k)?

Author: Andrew Meadows / 2 Jan 2018 / Personal Finance

This week’s question comes from Casey who asked whether you need a spouse’s consent before taking a loan from your 401(k).

While we always stress the importance of leaving your money in your retirement account, sometimes unforeseen expenses arise where you need to borrow or loan yourself money. Here, we answer Casey’s question and give some other great tips on the deal with taking a loan from your 401(k)!

Get more on 401(k) by downloading our Definitive Small Business 401(k) Guide