As work-related retirement plans transition from defined benefit pension plans to defined contribution plans, such as the 401(k) plan, workers shoulder more responsibility for retirement financing. This offers advantages to financially savvy workers, but can hold risks for those with less in-depth financial planning and investing knowledge. That in-depth knowledge is important when deciding whether or not to borrow from your 401(k), as do 23 percent of workers with 401 (k) plans, according to data from the Employee Benefit Research Institute's 2016 Retirement Confidence Survey.

 
Understand The Risks
Borrowing from your 401(k . . .

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