Loans & Debt Management for Retirement Planning

Effectively managing personal loans and debts is a crucial part of retirement planning and personal finance. This section helps you understand the impact of debt on your retirement savings, the rules and risks of borrowing from retirement accounts, and provides tools to make informed decisions.

What You’ll Find Here

• Guidance on borrowing from retirement accounts (401(k), IRAs)
• Pros and cons of using retirement savings to pay off debt
• Strategies for balancing debt repayment and retirement savings
• Strategies to consolidate personal debts, especially for high interest loans
• Calculators to help you evaluate loan options and consolidation

Resources on Loans & Debt Management for Retirement Planning

Smart Rules of Thumb to Manage Your Personal Debts
Need to Withdraw From Your 401(k)? Follow This Order: Hardship Withdrawal, 401(k) Loan, and Penalty Withdrawal
The Right Way to Withdraw from Your 401(k) Without Regret
Paying Off Debt or Funding Retirement? How to Decide When Every Dollar Counts
How Paying Credit Card Interest Often Hurts Your Credit Score
How to Borrow From an IRA?
Credit Card Debt Consolidation Calculator
Credit Card Debt Payoff Calculator

Recent Articles

• Tesla 401(k) Review: 50% Match Up to $3,000 — Is That Enough for TSLA Employees?June 5, 2026
• Marathon Petroleum Thrift Plan Review: 117% Employer Match in the Energy SectorJune 5, 2026
• THE PROGRESSIVE 401(K) PLAN Review: 100% Match with 59% Match RateJune 4, 2026
• THE HOME DEPOT FUTUREBUILDER Review: 150% Match with 38% Employer MatchJune 3, 2026
• General Dynamics 401(k) Review: 100% Match Up to 6% With $325 Million in Employer ContributionsJune 2, 2026
• June 2026 MyPlanIQ Portfolio UpdateJune 2, 2026

Looking for a (forgotten) 401(k)?

Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan …