Before you can withdraw money from your 401 (k) for a hardship, you must meet your employer’s eligibility requirements and ...

Hardship withdrawals typically come with steep penalties. On top of federal and state income taxes, you might be required to ...

Understand the consequences of withdrawing money from a 401(k) or IRA retirement account for emergencies and create a plan to ...

While this sell system is designed to preserve the growth portion of a portfolio, it comes with a downside: Money can be withdrawn from funds in a retiree’s portfolio that they had no intention of ...

The financial services firm’s guidance takes a different path than the traditional 4%-a-year strategy. Researchers compare ...

A 401 (k) hardship loan allows you to borrow money from your own retirement savings, with interest, and repay it over a specific period. Whether you can borrow from your 401 (k) depends on your ...

Paley says withdrawing 401 (k) funds early means withdrawing before the age of 59½, which is the minimum age to withdraw to avoid paying penalties and additional tax liabilities.

Spokane man pulled $400K from his 401 (k) for a house, aiming to be debt-free, but now he owes $140K to the IRS. Big lesson: Know the tax rules before tapping your 401 (k).

However, if you withdraw money from a 401 (k) before the plan’s normal retirement age or from an IRA before turning 59 ½, you’ll pay an additional 10 percent in income tax as a penalty. But ...

There are three things to do with your 401 (k) when you retire: Leave it alone, roll it into an IRA or withdraw the money. Compare payout policies and fees to an IRA.

“You can leave it where it is, although if you have a balance of less than $5,000, then the company can and may close out your 401 (k) and send the funds to you in the form of a check or roll it ...