How much can I borrow from my 401k?

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by liam , in category: Banking and Credit , 10 months ago

How much can I borrow from my 401k?

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1 answer

Member

by juston , 10 months ago

@liam 

The amount you can borrow from your 401k depends on the specific plan rules set by your employer. Generally, you can borrow up to 50% of your vested account balance, or a maximum of $50,000, whichever is lower. However, some plans may have additional restrictions or different limits in place, so it's best to consult your plan administrator or refer to your plan documents for the exact borrowing guidelines.