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

(NewsNation) — Taking money out of a tax-deferred retirement plan like a 401(k) before the age of 59 ½ typically comes with a penalty, but an IRS provision known as the rule of 55 can help you avoid ...

If you try to withdraw early from just about any retirement plan, you'll be slapped with a penalty—an incentive to leave your money alone and let it build toward retirement like you always intended.

If you plan to dip into your 401(k) at 55, you can do so without a hefty tax penalty in certain circumstances. But should you? A recent MassMutual survey found that the average age for Americans to ...