The Astonishingly High Risk of a 401(k) Loan

If anyone tells you a 401(k) loan is a cheap way to borrow, they are both right and very, very wrong. 401(k) loan interest rates are low. But the way many Americans repay them spells disaster. If you stop your 401(k) contributions to repay the loan, borrowing $10,000 today could cost you $190,000, or $1,000…

from NerdWallet
https://www.nerdwallet.com/blog/loans/high-risk-401k-loan/

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