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Are 401(K) loans a person’s last resort?

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As you’re well aware, we’re living in difficult economic times. Consequently, you may be forced to make some financial moves you wouldn’t normally undertake.

One such move you might be considering is taking out a loan from your 401(k) plan — but is this a good idea?

Of course, if you really need the money, and you have no alternatives, you may need to consider a 401(k) loan.

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