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Empower Retirement - Learning center - Spending - Four things to consider before borrowing

Four things to consider before borrowing

When you need extra cash, borrowing from your retirement plan may seem like the simplest option. There’s no credit check, and you’re borrowing from yourself.

Taking a loan from your account is a big financial decision. Here are four things to consider before you borrow:

This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.