Hardship withdrawals from 401(k)s are running about 15% to 20% above the historical norm, Empower CEO Ed Murphy said Monday ...

Investors are wondering what to do with their 401(k) accounts as the stock market makes steep declines. Should you stop contributing or withdraw it?

Investors are wondering what to do with their 401(k) accounts as the stock market steeply declines. Should you stop contributing? Here's what to know.

It may be tempting to tap into your 401 (k), especially if you still have a few decades to go before retirement. But should ...

Consistent with this model, shame was a stronger driver of financial hardship than the related emotion of guilt because shame increases withdrawal behaviors more than guilt. We also found that a ...

You may also take a lump-sum cash distribution from your Roth 401(k) once you leave your job. There are, however, tax implications with distributions if you are under age 59½. You may also face a ...

A hardship distribution is a pre-retirement withdrawal from your 401(k) plan, 403(b) plan, or 457(b) plan due to an immediate and heavy financial need. The withdrawal amount is limited to the ...

WASHINGTON — The Internal Revenue Service issued a reminder today that in most cases retirees who turned 73 in 2024 must begin receiving payments from… ...

Your ideal mix of accounts will depend on factors like income, risk tolerance, and retirement goals. Traditional IRAs allow for tax deductions on contributions but are taxed upon withdrawal in ...

A rising number of Americans are making early 401(k) withdrawals to deal with financial emergencies. A recent Vanguard study found that 4.8% of participants initiated a hardship withdrawal in 2024 ...