borrowing against 401k

Year-End Debt Checkup: Make Sure Yours Is Healthy Debt

Not all debt is created equal. And even in today's low interest rate climate, too much of the wrong kind of debt can quickly snowball. So as you consider your overall financial picture, make sure you only take on healthy debt -- and even then, only if you can afford it.

401(k) Balances Hit a Record High in First Quarter

Americans' 401(k) plans are healthier than ever before, carrying a record average balance of $74,900 at the end of the first quarter, Fidelity Investments reports -- up 12% from a year ago. Meanwhile, nearly one in 10 participants increased their contribution rate during the first quarter.