13% of 401(k) Participants Borrowed Against Their Plans in 2021 -- Here's Why That's a Dangerous Move

13% of 401(k) Participants Borrowed Against Their Plans in 2021 -- Here's Why That's a Dangerous Move

When a need for money arises, you have options. You can go out and apply for a loan or try tapping the assets you already have. For homeowners, that can mean taking out a home equity loan or line of credit.