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 ...

More Americans are tapping into their 401(k) to make ends meet — treating it more like an emergency fund than a retirement savings plan. Hardship withdrawals are running 15% to 20% above the ...

Early withdrawals are generally subject to a 10% penalty, in addition to normal income taxes. But there are lots of exceptions—including some new ones. Here’s the latest. One source Americans consider ...

(NewsNation) — More Americans are raiding their retirement savings to cover emergency expenses, taking early withdrawals from ...

The percentage of retirement plan participants taking hardship withdrawals increased in 2024, according to new research from Vanguard. In a preview of its How America Saves 2025 report, which surveyed ...

Vanguard recently released its "How America Saves 2025" report. The data reveals that 401(k) hardship withdrawals have been on the rise since 2020. It's best to avoid withdrawing money early from your ...

Life doesn’t always go as planned. Maybe you lost your job or you’re facing uninsured medical expenses. And maybe you’ve already run through your emergency savings. I'm 49 years old and have nothing ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. 401-K plans are a form of deferred-tax retirement account ...

In the past years, the SECURE Acts have expanded the hardship distribution rules to allow plan participants to take hardship withdrawals for multiple reasons. Additionally, the SECURE Act 2.0 provided ...