401(k) loans: What they are & how they work

Work

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A 401(k) loan allows you to borrow from the balance you’ve built up in your retirement account. Generally, if allowed by the plan, you may borrow up to 50% of your vested balance, for a maximum loan amount of $50,000.

Required minimum distributions (RMDs)

Life

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Required minimum distributions (RMDs) require retirees to start withdrawing money and paying taxes on withdrawals when they reach a certain age. Learn how to calculate your RMDs.