More Americans tapped their defined benefits plan to pay for emergencies as the cost of living soared in 2022, according to a recent Vanguard report. (iStock) The number of Americans who tapped their ...

So, you’ve done a good job of saving for retirement and have a nice balance in your retirement account. Then a problem comes up and you are unable to pay a rather large financial obligation. There ...

We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. More Americans are tapping into their ...

The average American’s defined contribution plan retirement savings rate is at an all-time high, according to Vanguard data. Yet at the same time, more Americans are tapping their 401(k)s or similar ...

Vanguard recently released its 2025 report on how America saves. It revealed that a record 4.8% of 401(k) holders took a hardship withdrawal in 2024, up from 1.7% in 2020. Over a third (35%) of ...

With fewer protections and guardrails, we have a much less effective system.

Now, new data shared exclusively with Inc. by the 401(k) provider Human Interest—a 2021 Inc. 5000 honoree that Fast Company named one of the most innovative companies in finance earlier this year—adds ...

We've received several e-mails from readers who say they're facing difficult times financially and want to know the status of Obama's pledge to ease penalties for early withdrawals from 401(k) ...

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 ...

Many big home repairs can’t wait, but your retirement also needs protection. Learn if and when to use cash, a money‑market fund, a Roth IRA, or a 401(k) for home repairs.

We've tracked this promise on penalty-free 401(k) withdrawals since President Barack Obama took office. It seems like it's time to stick a fork in it and declare it done. The measure, which Obama ...