Some 13% of 401(k) participants have an outstanding loan against their retirement savings, according to a recent study, with an average $10,708 loan amount. Using a 401(k) loan can be useful, but ...

This morning, the Auditor General submitted a special audit report, verifying and confirming the buyout amount of US$118 ...

Failing to adhere to the specified repayment schedule may result in the loan being classified as a distribution, subjecting it to income tax and potentially early withdrawal penalties. The ...