About this episode
Most 401(k) participants have the option to take out 401(k) loans, and many take advantage. Should you take out a 401(k) loan to buy your first house, or maybe put in a new pool? In this Q&A, we'll discuss the basics of a 401(k) loan, some drawbacks to taking money out, and a real-world example of how it can affect your Army of Dollar Bills.
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