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, ...

It's common knowledge that many Americans struggle to save enough money for retirement. But another challenge is how to turn those savings into an income. On Monday, Bank of America rolled out a new ...

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, ...

This straightforward guide breaks down the details on what exactly your 401(k) retirement account can and can't do for you in retirement.