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Home / News Stories / Risks of borrowing from 401(k)s (access required)

Risks of borrowing from 401(k)s (access required)

More employees are tapping into their 401(k) accounts to pay for medical bills, mortgages and credit card debt. Yet, as Americans’ retirement lives lengthen, they are becoming no less expensive, causing industry experts to worry about a potential new class of impoverished retirees. According to Vanguard, one of the nation’s largest 401(k) managers, since 2008, there ...

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