But to avoid unnecessary fees by borrowing from 401k account, you need to observe federal laws.
There may also be required minimum loans and maximum number of loans per year so it is best to read the fine print of your 401k. It is better to have loans with your 401k rather than to cash it out because of the considerable amounts of penalties incurred in doing so. You can borrow as much as half of your principal amount from your 401k ($50,000 accumulative loans per year).
But if you really want to do so then you should have a word with the human resources department of the company that administered your 401k.
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