Tapping into your retirement savings early may seem like a risky idea. However, there are many reasons why you may have to take money from your 401(k) before retirement. These accounts are meant to ...

Workers may take hardship withdrawals from a 401(k) account if they have an “immediate and heavy financial need.” Hardship distributions are limited only to the amount necessary to fulfill the need ...

As prices continue to rise, many Americans are looking for ways to help fund their everyday lives. One place they are turning? Their 401(k)s. More and more people are taking money out of their ...

While it’s not a magic early retirement tool, this tax break may be an option for people who want to tap into their 401(k) ...

Retirees who mix pre-tax, Roth, and taxable withdrawals can cut federal tax from ~$10,000 to ~$4,000 annually on $120,000 in spending. A 22% bracket retiree who triggers Social Security taxation and ...

More Americans are accessing their 401(k)s early. Find out why, how that could cost you in the long run and which ...

American workers are maintaining a strong commitment to their retirement savings despite facing a highly challenging economic environment. However, beneath a surface of record-breaking milestones, a ...

Peter Gratton, Ph.D., is a New Orleans-based editor and professor with over 20 years of experience in investing, economics, and public policy. Peter began covering markets at Multex (Reuters) and has ...

The share of people taking 401(k) hardship withdrawals rose last year to the highest level ever recorded by Vanguard. The investment firm reports that 6% of plan participants used a hardship ...