borrowing against your 401k

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After years of regular contributions, a 401(k) plan through your employer may become one of your largest financial assets. In some cases, your employer may.

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When to Borrow Against Your 401(k) Plan | Borgida CPAs –  · For an employee to borrow against his 401(k) plan this loan provision must in the plan document. The maximum that can be borrowed is one-half the account value, not to exceed $50,000. The employee must pay this loan back over the course of the next five years.