The dos and don'ts of life are rarely black and white. What's right for one person may not be right for another. That's certainly the case with borrowing from a 401(k). Ideally, no one would ever need ...

Though there can be drawbacks, a 401(k) loan is often a better financial option, as you'll be paying yourself back.

Since then the consumer-price index has risen by more than 200%. So the amount you are allowed to borrow from your own 401 (k ...

A 401(k) loan allows you to borrow funds directly from your retirement savings, which you then repay with interest back to your own account. While this can seem appealing since you’re essentially ...

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 ...

Your car could break down. You might need a new furnace. You have to pay for one last term of college for your child. Whatever the reason, you may someday need a large sum of money in a hurry. And as ...

Discover options like SEPP and hardship withdrawals for accessing 401(k) funds when unemployed, and learn how to avoid penalties and manage taxes.

More than one in three U.S. workers have taken loans, early withdrawals, or hardship withdrawals from their retirement savings, according to new data from the Transamerica Institute. Personal finance ...

Q. My house was damaged in a big storm and I need to make major repairs, some of which won't be covered by homeowners insurance. Most of my savings are in my 401(k). Can I withdraw money from the ...

To that end, 401(k)s make things easy. With a 401(k), all you need to do is sign up, and your employer will deduct contributions from your paychecks automatically. It's a great way to stay on track ...

Sen. Tim Kaine, D-Va., this week introduced new legislation aimed at making it easier for federal workers to take advantage of the federal government’s 401(k)-style retirement savings program to help ...