Donald Jay Korn Fri Sep 5, 6:25 PM ET In the past year, the credit crunch has spread from mortgages to student loans and other types of debt. Home equity lines of credit have been reeled in.Still, there is one place where you can generally easily get a loan. It's your 401(k) account.
About 90% of 401(k) plans let members borrow their own money, according to consulting firm Watson Wyatt. Small-company plans are less likely to allow borrowing. In plans that do allow loans, borrowers can usually take out up to 50% of their vested account balance. The cap is $50,000.
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