Are these simple, low-interest loans worthy of the chance?

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No credit check, no traditional application on first glance, 401(k) loans sound too good to be true: low interest. That’s because it is sometimes too good to be real. Regardless if you lose your job if you’re able to pay back a 401(k) loan on schedule, you stand to lose thousands from your retirement savings — and more.
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401(k) loan snapshot
Exactly exactly What it really is that loan extracted from your 401(k) your retirement account you repay with interest over 5 years. […]