Economists want you to stop borrowing from your 401(k)

2015-08-03T20:38:17-07:00August 3rd, 2015|Categories: 401(k)|Tags: |

All it usually takes to borrow money from your 401(k) are a few clicks on a website, and a check will arrive a few days later. That is why U.S. retirement industry leaders talk about the prospect of doing away with 401(k) loans before younger workers follow in the footsteps of previous generations and start using their retirement account like an ATM. Workers who take out 401(k) loans risk not having enough saved for retirement because they miss out [...]