Generally, you should only make 401(k) withdrawals as you enter retirement, but there are certain situations in which you may do so earlier in life. Generally, withdrawing money from a 401(k) can take ...

More Americans are pulling money from their 401(k)s before retirement than ever before. According to Vanguard's latest data, 4.8% of account holders made hardship withdrawals in 2024, up from 3.6% in ...

Life happens. Your reliable job disappears. A healthy spouse endures a medical crisis. And your child’s college tuition is about to come due. If you have been able to build an emergency fund, that ...

As a 401(k) plan is meant for long-term retirement savings, it’s not something that you should draw from until you’re at least in your late 50s. Not only will you cause lasting damage to your ...