Lisa Greene-Lewis: If you withdraw from your IRA or 401k, and you're younger than 59 and 1/2, you will incur an additional 10% tax, in addition to whatever your ordinary tax rate is when you file ...

A hardship withdrawal is a one-time, fixed amount of money pulled from your 401 (k), intended to cover what the IRS calls an “immediate and heavy financial need.” ...

Calculating the 401 (k) Early Withdrawal Penalty Let's say you have a 401 (k) plan worth $25,000 through your current employer. If you suddenly need that money, you can liquidate the whole account ...

Early withdrawal penalties typically apply to retirement accounts or plans, such as a Roth IRA or 401k. Often, retirement plans institute age-related rules to prevent early withdrawals. The most ...

After another 4 percent withdrawal of $42,240 and 10 percent gains in the second year, the balance grows to $1.115 million, even after more than $80,000 in withdrawals.