Most people consolidate debt with a personal loan or a balance-transfer credit card. Others tap the equity in their homes. These options all come with risk.
By comparison, taking a 401(k) loan might look benign — but it could be the riskiest choice of all.
Most 401(k) plans allow users to borrow against their retirement savings. “About 1 in 5 of our plan participants do have a loan outstanding,” said Meghan