Hardship Withdrawal vs. 401(k) Loan: What’s the Difference?

Sometimes the right financial move is to borrow from your 401(k). Here are some guidelines to help you decide which source of funding is right for you. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Investopedia Daily | The Latest Hardship Withdrawal vs. 401(k) Loan: What's the Difference? Sometimes the right financial move is to borrow from your 401(k). Here are some guidelines to help you decide which source of funding is right for you. Read More » You may also be interested in: How Far Do The Stimulus Checks Really Go? How far the stimulus checks go in helping Americans with their monthly expenses varies on the size of the household and their cost of housing. Read More » SPONSORED BY INVESCO The Complete Guide to ETFs ETFs are becoming increasingly popular and soaring to new heights among investors. Invesco's insights can help you determine if these investment vehicles are right for you. Learn More » Dow Jones Industrial Average vs. S&P 500: What's the Difference? The Dow Jones Industrial Average (DJIA) and Standard & Poor's 500 Index (S&P 500) both capture the mood of the markets, but their methodology differs. Read More » Want a Chance to Win a FREE Investopedia Academy Course? How much do you know about your portfolio? Tell us and you could win! Get Started » Webinar: Managing Credit Cards & Debt During COVID-19 - Register Now As financial situations change during recent economic events, you may find yourself leaning heavily on your credit card to finance purchases. Learn more about managing credit cards and debt during COVID-19. Register » CONNECT WITH INVESTOPEDIA Email sent to: mondemand.forex@blogger.com To update your newsletter preferences or unsubscribe, click here. 114 West 41st St, floor 8 New York NY 10036 © 2020, Investopedia, LLC, All Rights Reserved | Privacy Policy