There are definite pros and cons to taking a 401(k) withdrawal for this.

Recent research reveals retirees withdraw just 2.1% of their savings annually—about half the amount experts recommend. Here's what the data shows.

While an early withdrawal from a 401(k) may have a long-term impact on your retirement fund, it is sometimes necessary. You should still try to limit such a withdrawal to situations that allow you to ...

Borrowing or withdrawing from your 401(k) leads to missed potential market returns. A withdrawal or loan reduces your investment base, forfeiting decades of compounding growth. Recovery takes ...

Key Takeaways Borrowing or withdrawing from your 401(k) leads to missed potential market returns.A withdrawal or loan reduces your investment base, forfeiting decades of compounding growth.Recovery ...

The order in which you withdraw money from retirement accounts can significantly impact how much you owe in taxes. One of the most popular withdrawal strategies involves drawing from taxed accounts ...

A 54-year-old with $4M in a 401(k) has eight times the average balance for people in their 50s. The rule of 55 allows penalty-free 401(k) withdrawals if you leave your job in the year you turn 55 or ...

Some people will spend decades saving and investing for retirement, only to discover that they missed a step along the way. That commonly "missed" step? Devising their plan for decumulation − in other ...

A 401(k) loan could help you avoid the taxes and penalties that come with early 401(k) withdrawals. Employers have discretion about whether to allow 401(k) loans. A 401(k) loan may set your retirement ...

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 ...