"This new rule offering retirement savers the opportunity to withdraw $1,000 is helpful because not all people have a 401(k) to take a loan from instead," said Brian Kuhn, a certified financial ...

A reader looks for guidance on how to draw down retirement assets in a 401(k) and when to claim Social Security. A reader looks for guidance on how to draw down retirement assets in a 401(k ...

A 401(k) loan provides a means of utilizing retirement ... which your retirement funds see stifled growth as you continue to draw down funding for present day expenses. In some instances, a ...

Obtaining a loan. If you need money now but are confident ... there are other special situations that will allow you to draw on your 401(k) early without a penalty. Examples include disability ...

For workers age 50 and older, the catch-up contribution is $7,500, unchanged from 2024. That means older workers may ...

one option you may have available is taking out a 401(k) hardship loan or using a 401(k) hardship withdrawal to help fund some of those expenses. However, it's important to note that before ...

borrowing from your 401(k) is associated with other drawbacks, such as rapid repayment upon job loss and default consequences. If you lose your job, you may be required to repay the loan by your ...

While 401(k) plans have blossomed in popularity, the retirement savings crisis rages on. Here’s the path forward, from the ...

The IRS issued guidance on how companies can use 401(k) matching to match an employee’s contribution to their student loan payments, but some employers have been slow to implement this ruling.

Employer matching, loans, various distribution types… they all have a role in incentivizing employees to utilize their 401(k).