The Pitfalls of Borrowing from Your 401 (k) Account:  A Costly Trade Off

The Pitfalls of Borrowing from Your 401 (k) Account: A Costly Trade Off

The 401 (k) retirement savings plan has long been hailed as a cornerstone of financial security for employees, offering tax advantages and employer-matched contributions. However, it also offers a tempting option for individuals facing financial challenges – the ability to borrow from their 401(k) account. While this may seem like a convenient…