Can you explain how 401(k) loans are different from other loans you've learned about?

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1185785

2026-04-03 19:25

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401(k) loans are different from other loans because they are borrowed from your retirement savings account. With a 401(k) loan, you are essentially borrowing money from yourself and paying it back with interest. This can have implications on your retirement savings and may come with specific rules and restrictions.

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