401(k) Loan Pitfall #2: Loan payments may prevent you from making new contributions.

Your 401k payments could be eating up the funds you need to contribute new money to your 401k. This is especially troubling if your employer matches funds. That's FREE money you're missing out on if this happens, folks!

Next: 401(k) Loan Pitfall #3

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• Avoid These 401k Mistakes!
• Three 401k Warnings
• What Should I Do With My 401k When I Change Jobs?

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