Understand the difference between a 401(k) hardship withdrawal and a 401(k) loan. Learn their pros and cons, and impacts on retirement savings.

How to Handle a 401 (k) Hardship Withdrawal Before you withdraw your retirement funds, understand the long-term costs.

The growing number of Americans tapping their 401 (k) retirement plans for emergency purposes comes as they continue to confront stubbornly high inflation.

The percentage of Americans turning to so-called "hardship withdrawals" from their retirement accounts recently hit a record high, according to investment firm Vanguard.

What you need to know about about taking out a 401 (k) loan or making a hardship withdrawal Before turning to a 401 (k) loan, you should exhaust all your other options for extra money first.

Considering a 401(k) hardship withdrawal? What you need to know, and other alternatives for getting over a temporary financial setback.

More Americans are making hardship withdrawals from their 401 (k) retirement plans to cover emergency expenses as they struggle with chronic inflation.

In 2024, Vanguard found that nearly 5% of 401(k) participants withdrew funds due to financial emergencies, with 35% using them to avoid eviction or foreclosure, 30% for medical expenses, and 16% ...

The average American’s 401(k) balance plunged 4% in the latest fiscal quarter, attributed to an uptick in “hardship withdrawals,” according to a new study by Fidelity.

401 (k) Loans, Hardship Withdrawals at 2-Year High Both loans and hardship withdrawals have increased to the highest rate since the pandemic, according to Empower’s annual retirement study.

Retirement plan administrators are noting an uptick in hardship withdrawals. But taking that money out can harm your future financial security.