Buying a home is one of the most important financial decisions you’ll make—and the type of mortgage you choose can dramatically impact your payments, your long-term wealth, and even your lifestyle. For decades, the 30-year fixed mortgage has been the gold standard in the United States. But with rising home prices, stagnant wages, and affordability challenges, a newer and controversial option is gaining attention worldwide: the 50-year mortgage.

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.