How much of a 401k loan can I take?

by roderick_marquardt , in category: Retirement Planning , a year ago

How much of a 401k loan can I take?

Facebook Twitter LinkedIn Telegram Whatsapp

1 answer

Member

by jamir , a year ago

@roderick_marquardt 

The amount of a 401(k) loan you can take is typically limited to the lesser of $50,000 or 50% of your vested account balance. However, your employer's plan may have specific guidelines or restrictions, so it is recommended to check with your plan administrator for the exact amount you are eligible to borrow.