 TITLE: How to Borrow Money From Your 401(k) CONTENT: How Borrowing From Your 401(k) Works\n------------------------------------\nMost 401(k) programs let you set up a loan all on your own, without any assistance, via the website you use to handle other 401(k) tasks, such as changing your contribution amounts and allocating your savings to different investment funds.\nSetting up the loan is as simple as finding the loan page on the 401(k) site and specifying the amount you want to borrow. The online form won't let you borrow more than you're entitled to, and interest rate and payroll deduction payments based on a standard five-year repayment period will be calculated automatically.\nOnce you authorize the loan, the amount of the loan will likely be included with your next paycheck (or placed in your checking account even sooner, if you use direct deposit).\nIf you have any questions about the process, you'll find an option for contacting fund administrators on the webpage. END