Although employers have been allowed since 2024 to offer two new emergency savings options tied to 401(k)s, few have done so.

When facing financial challenges, individuals may consider taking a 401(k) loan or withdrawal as a potential solution. A 401(k) loan refers to borrowing money from one's own 401(k) retirement savings, ...

The funds you stash in your 401(k) plan are intended for your future retirement. But sometimes life throws you a curveball, and you need money fast. In those cases, you may be able to tap into your ...

Employees are discovering a new use for 401(k)s.

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 ...

When facing a financial emergency, accessing money in a 401(k) plan can feel a bit like being stranded at sea: surrounded by water, yet unable to take a drink. Your money is there, it’s just not ...

There's typically a 10% early withdrawal penalty if you take money out of your 401(k) before turning 59 1/2. The IRS does offer some exceptions to this rule. Even if you qualify for an exception, ...