3 alternatives to borrowing from your 401k

3 alternatives to borrowing from your 401k

Borrowing from your 401k should remain a last-case situation due to numerous for the dangers involved. Rather, you will find three IWT-approved alternatives you should check out as opposed to borrowing from your own 401k.

1. Plunge to your crisis investment

A crisis investment is cash saved for shock — and that is pressing (for example., an urgent situation). […]