Nevada Appeal

Kelly Bullis: What is a ‘hardship’ withdrawal from a 401k

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 ...

I was laid off from a high-paying job and I can’t find another at my age. With over $1M in my 401(k), should I withdraw the funds early?

Here's what's at stake.
The Motley Fool

401(k) Hardship Withdrawals Are on the Rise, According to Recent Report. Here's What They Are, and What They Mean for Your Retirement Account.

Hardship withdrawals are like medicine: It's best not to need it, but if you have to take it, be prepared for some discomfort and side effects. One common piece of investing advice suggests only ...
Benzinga.com

401(k) Hardship Withdrawals Rise To 4.8% As Expert Warns 'It Should Be A Last Resort'

Hardship withdrawals from 401(k) plans surged to 4.8% of participants in 2024, up from 3.6% in 2023, according to Vanguard Group Inc. data. The increase reflects growing financial pressure on American ...
NerdWallet

401(k) Early Withdrawal Penalty: What to Know and Calculator

Tapping into a 401(k) plan early could come with penalties — unless you qualify for an exception. Many, or all, of the products featured on this page are from our advertising partners who compensate ...
Business Insider

More Americans are drawing from retirement savings early. Why financial pros say that's a recipe for disaster.

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