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Any financial expert will tell you it's best to keep your retirement savings tucked away until, well, retirement. That certainly holds true for one of the most common ways to save for those post-career years: employer-sponsored 401(k) plans.  But life can get in the way of the best investment plans. And if you have an immediate need for cash, borrowing from your 401(k) may make the most financial sense. Especially when you compare that option to other loan alternatives — or withdrawing money entirely from the plan. However, there are many rules, both from the IRS and individual employer pl...

Borrowing from your 401(k) plan can be a fast, advantageous way to meet serious financial needs - here's everything you need to know about 401(k) loans insider@insider.com (Walecia Konrad) © Jose Luis Pelaez Inc/Getty Images If you need funds quickly, a 401(k) loan offers several advantages over other loans or 401(k) plan withdrawals - but there are many rules to follow. Jose Luis Pelaez Inc/Getty Images Borrowing from a 401(k) means withdrawing funds from your plan that you later repay with interest. A 401(k) loan avoids the taxes and penalties that come with outright with...