5 Times It May Be Okay to Borrow from Your 401(k)

Published: May 13, 2015, 4:05 p.m.

401(k) plans are fantastic \u2013 they let Americans sock money away for retirement, contributions are often matched by employers, and it\u2019s a great way to let the magic of compounding work for you. So here are five situations where, with great reluctance, it may be okay to tap into your 401(k) for a short-term loan.