There are pros and cons to withdrawing from your 401K in a pinch. Learn more about the pros and cons, penalties, and rules in ...

While some retirement plans allow in-service withdrawals, most discourage early access with penalties, taxes and missed growth potential. Before making a move that could undermine your long-term ...

The dos and don'ts of life are rarely black and white. What's right for one person may not be right for another. That's certainly the case with borrowing from a 401(k). Ideally, no one would ever need ...

Q. My house was damaged in a big storm and I need to make major repairs, some of which won't be covered by homeowners insurance. Most of my savings are in my 401(k). Can I withdraw money from the ...

When times are tough and household budgets are under severe strain, taking cash out of your 401(k) plan can provide some relief. However, it’s best to be cautious, as there are specific rules related ...

There are specific situations in which a 401(k) loan may be a good idea. Failure to repay the loan as agreed can result in costly repercussions. Generally, your best bet is to look for alternatives to ...