The high cost of living — with escalated price tags on everything from groceries to housing to healthcare – is hurting people’s everyday lives and forcing them to raid their retirement savings, which ...

A 401(k) hardship withdrawal lets you take money from your retirement savings to cover an urgent financial need — like medical bills, tuition or preventing foreclosure. But while hardship withdrawals ...

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 ...

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'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) ...

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Follow William Edwards Every time William publishes a story, you’ll get an alert straight to your ...

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 ...

Adam Palasciano is a writer over three years of experience writing about personal finance, investing, student loans, and more, for outlets like GOBankingRates, FinanceBuzz, The Penny Hoarder, and Wall ...

'Emergencies are always happening. Life has just gotten more expensive.' Hardship withdrawals - which can be taken only for "immediate and heavy financial needs" - have risen in recent years with the ...