The association reports that in 2024, there were more than 70 million active participants in employer-sponsored 401(k) plans and millions of former employees and retirees who benefited from such plans ...

In the current volatile economy, it may not be surprising if clients want to raid their retirement savings before age 59½. It’s never a good idea, experts say, but if it’s absolutely necessary, there ...

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 ...

You're allowed to take substantially equal periodic payments (SEPPs) from your retirement accounts, regardless of your age.

Today more people than ever are making early withdrawals from their 401(k), according to a new study from Vanguard. Approximately 4.8% of account holders initiated a hardship withdrawal in 2024 ...

For most Americans, saving for retirement means opening an employer-sponsored 401(k) plan and contributing to it regularly. Ideally, those contributions will continue for decades, with no need to tap ...

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When you need money in a hurry and you don't have enough cash on hand, dipping into your 401(k) might seem like the logical option. There's no need to deal with loan paperwork, and you don't have to ...

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 ...