Here’s how to borrow from your 401(k) and avoid a big tax bill

9:11 AM ET Thu, 5 July 2018

The overall 401(k) account balance at Fidelity hit $102,900 as of end of the first quarter. Borrow money from the account and you may be on the hook to repay the full balance if you leave your job. Pay back the money within five years and make payments at least quarterly.