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Should I Take a 401(k) Loan for Emergency Expenses?

Should I Take a 401(k) Loan for Emergency Expenses?

Last updated: May 27, 2026 3:48 pm
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Tribune News Service
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Should I Take a 401(k) Loan for Emergency Expenses?

Take a look at the pros and cons before you decide. Dreamstime/TCA

By Kathryn Pomroy From Kiplinger’s Personal Finance

It’s not uncommon to find yourself in a financial crunch and needing a way to dig yourself out. Thankfully, you have options, such as borrowing from your emergency fund, using a savings account or taking out a personal loan.

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