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A 401k loan is a loan that can be taken out against the balance of your 401k account . These loans have become quite popular, especially during tough economic times when people need access to funds. However, before considering a 401k loan, it is essential to understand the pros and cons of this type of loan. Pros of 401k Loans 1. Flexible Repayment Options One significant advantage of a 401k loan is the flexibilit
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