How much of a 401k loan can I take?

by roderick_marquardt , in category: Retirement Planning , 7 months ago

How much of a 401k loan can I take?

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1 answer

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by jamir , 7 months 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.