If you're looking for resources to get through a difficult financial situation, you may have considered taking money out of your 401(k) plan. There are several circumstances when current employees ...

Of the ways you can pull out 401(k) funds, hardship withdrawals are becoming an increasingly common move for people with urgent bills and limited options. A hardship withdrawal is a one-time ...

During the last 12 months, 401(k) hardship withdrawals rose by 24%, according to a 2022 study by Empower, a large retirement plan administrator. The funds were used to cover unexpected financial ...