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 ...

Can I withdraw my 401(k) if I get laid off? Learn your options, tax penalties and strategies to manage your retirement ...

Generally, you should only make 401(k) withdrawals as you enter retirement, but there are certain situations in which you may ...

When you make an early withdrawal from a 401(k) — defined as any money pulled out of your account before you're 59 ½ years old — you'll generally face a 10% tax penalty on the amount (though ...

Early retirement isn’t exclusively for the rich. Many people use a couple of key calculations to determine how much money they need to sustain an extended stay in retirement.

When you borrow money from a 401k, investments in your 401k account are sold so cash can be distributed to you upfront.

An early withdrawal is typically subject to ordinary income tax and a tax penalty. However, some good news: changes to the retirement plan withdrawal rules are taking effect due to the SECURE 2.0 Act.

If you’ve been affected by a major disaster, such as the wildfires in California, you may be eligible to tap your retirement funds early and without a penalty. Here's how.

Unlike with 401(k)s and 403(b)s, the IRS won't slap you with a penalty on withdrawals ... owe income tax on all withdrawals, regardless of your age. So busting into a 457 plan early still isn ...

Maximize your savings by understanding Roth IRA withdrawal rules. How can you avoid tax penalties? Let your funds grow and ...

But if you're younger than that, you will get hit with a penalty for early withdrawals from traditional ... the money over into another qualified retirement account (such as a Roth IRA) within ...

It’s critical that clients who are considering tapping their retirement savings before reaching age 59 ½ understand the IRS rules on early withdrawals—and the significant penalties that can ...