Taking a 401(k) loan is such a bad investment choice that it should not be allowed in any 401(k) plan other than for hardship reasons. And yes, it is an investment because when plan participants take 401(k) loans, they become one of the investments in their accounts.
When it comes to allowing workers to pull money out of their accounts, employers and their advisers should consider these importance factors. Before allowing workers to pull money out of their accounts, employers and employees should consider these importance factors.
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