Borrowing Money from Your 401(k) – Good idea? …not so much Too many are dipping into their employer sponsored retirement plans 401(k) using the lending feature. Unfortunately, many are later faced with a tax dilemma. Borrowing Money from Your 401(k) For years you have put away 6% of your pay into your employer provided 401(k) retirement savings account. Your employer may have even matched 50% of your contribution. Now you …Read More