However, you also have the option to borrow the money for a house from your 401 (k) to the tune of $50,000 or half the value of your account, whichever is less. But there are several drawbacks. For ...
Younger generations cannot afford to buy a home. They cannot even make the down payments necessary to take out a mortgage. Borrowing the down payment from your 401(k) might make sense, especially if ...
When Dr. Jill Green decided she wanted to invest in property, she was saddled with student loan debt and didn't have liquid ...
If you are a participant in a 401 (k) with your employer, you have some options.
A parent in their late 30s recently asked a question that hit a nerve with many middle-class families: Should you cut back on ...
If your pension comes into a bank account regularly, that bank may offer you a personal loan. Approval is often easier if you already have a long relationship with the lender.
Trina Paul is a Breaking News and Personal Finance Writer at Investopedia, covering topics like retirement, consumer debt, and retail investing. She focuses on making complex financial topics ...
President Donald Trump said he's not in favor of using 401(k) money to buy houses, despite one of his top economic advisors saying such a plan was in the works.
The Trump administration has been considering a proposal that would allow you to use retirement funds to buy a new home. In an interview with Fox Business, Kevin Hassett, director of the White House ...
Financial advice personality Suze Orman has a clear rule about giving money to your children: do not do it until your own retirement is completely secure. Orman has consistently emphasized that ...