A 401(k) hardship withdrawal refers to the process of taking out funds from your 401(k) account due to immediate and severe ...

Though there can be drawbacks, a 401(k) loan is often a better financial option, as you'll be paying yourself back.

A 401(k) loan could help you avoid the taxes and penalties that come with early 401(k) withdrawals. Employers have discretion about whether to allow 401(k) loans. A 401(k) loan may set your retirement ...

Early withdrawals occur for those younger than 59 1/2 If you withdraw from your 401(k) early, you're subject to a 10% fee 401(k) loans are an alternative to cashing out early Early withdrawals occur ...

More than one in three U.S. workers have taken loans, early withdrawals, or hardship withdrawals from their retirement savings, according to new data from the Transamerica Institute. Personal finance ...

Kristina Byas is contributor at Investopedia. As a personal finance expert, she has lent her insights and knowledge to numerous financial publications. Her articles have helped readers navigate the ...

Having financial flexibility in retirement — especially in being able to maximize your spending while minimizing your taxes — is an optimal situation. And it’s one you can arrange by keeping at least ...