A 401(k) hardship withdrawal allows you to access funds from your retirement account before you reach retirement age, but it comes with strict rules, tax implications, and potential penalties.

hardship loan or using a 401(k) hardship withdrawal to help fund some of those expenses. However, it's important to note that before turning to a 401(k) loan, you should exhaust all your other ...

That does not come with the same penalty as a hardship withdrawal. It does slow your retirement savings though, so you want to make sure that you repay it quickly. The second option is actually a ...

You permanently reduce your retirement savings by the amount of the withdrawal as well as any future earnings you would have accrued on that money. But, before you do a hardship withdrawal or a ...