Savers who are thinking about borrowing from their 401(k) plans should first consider the risks and restrictions, experts say. Some plans don't allow loans, and many that do require borrowers to repay them quickly if they suddenly lose their jobs. People also should look to other sources of money first, treating a 401(k) loan as a last resort, experts said. And they should calculate how much they'll lose in future earnings growth by taking the loan.

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