There's a New Exception to the 401(k) Early Withdrawal Penalty. Should You Use It?

There are definite pros and cons to taking a 401(k) withdrawal for this.
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Taking a 401(k) Loan or Withdrawal? Here’s What to Know

When facing financial challenges, individuals may consider taking a 401(k) loan or withdrawal as a potential solution. A 401(k) loan refers to borrowing money from one's own 401(k) retirement savings, ...

A New Rule Lets You Tap Your 401(k) Early Penalty-Free. But Don't Get Too Excited About It.

Now, a new rule allows you to take up to $2,600 from your 401 (k) this year to pay for long-term care insurance premiums ...
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How does a 401(k) hardship withdrawal work and is it smart to take one?

The funds you stash in your 401(k) plan are intended for your future retirement. But sometimes life throws you a curveball, and you need money fast. In those cases, you may be able to tap into your ...

Should You Tap Your Roth IRA, 401(k), or Money-Market Account for Big Home Repairs?

Many big home repairs can’t wait, but your retirement also needs protection. Learn if and when to use cash, a money‑market fund, a Roth IRA, or a 401(k) for home repairs.
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Here's Why Early 401(k) Withdrawals Are Almost Never Worth It

Early 401(k) withdrawals are those you make under age 59 1/2 without a qualifying reason. You'll pay a 10% early withdrawal penalty on top of ordinary income taxes. Consider early 401(k) withdrawals ...