A 401(k) plan is a cornerstone of retirement planning for millions of Americans. It allows employees to contribute pre-tax income toward retirement while benefiting from tax-deferred growth. But sometimes, when facing financial emergencies or large purchases, individuals consider borrowing from their 401(k) through a 401(k) loan. While it might seem like a convenient option, taking a loan from your retirement account comes with both advantages and disadvantages. In this article, we will explore the pros and cons of 401(k) loans, helping you make an informed decision.