Knowing the IRS rules on 401(k) withdrawals can help you determine how to handle your high-rate credit card debt.

A thrift savings plan (TSP) hardship withdrawal allows federal employees and members of the uniformed services to access their retirement funds in times of severe financial need. To qualify, ...

If you’re facing a financial emergency, you might be wondering: What is a hardship withdrawal and should I take one? A hardship withdrawal is an early withdrawal from certain retirement accounts, like ...

Life happens, and sometimes financial emergencies hit when you least expect them. If you’re facing a major expense — like unexpected medical bills, the threat of foreclosure or funeral costs for a ...

When times are tough and household budgets are under severe strain, taking cash out of your 401(k) plan can provide some relief. However, it’s best to be cautious, as there are specific rules related ...

Life happens. Your reliable job disappears. A healthy spouse endures a medical crisis. And your child’s college tuition is about to come due. If you have been able to build an emergency fund, that ...

Editor’s Note: The SECURE Act 2.0 created new rules allowing plan participants to take emergency distributions to cover immediate financial hardships without penalty. These emergency distributions ...

Everyone goes through hard times now and then. Life’s financial curveballs can raise your stress level, so let’s take a breath, step back, and consider the options. Are you having trouble paying your ...