Defaulting leads to a 10% penalty and potential loss of future investment gains.

When facing financial challenges, individuals may consider taking a 401(k) loan or withdrawal as a potential solution. A 401(k) loan refers to borrowing money from one's own 401(k) retirement savings, ...

The CARES Act offers temporary loan and withdrawal options to Thrift Savings Plan participants affected by COVID-19. The loan options described below will be available no later than June 22 and that ...

Dipping into your 401(k) before age 59½ usually means penalties, taxes and lost earnings. But there are some exceptions.

For many Americans, their 401(k) plan is the largest single pool of money that they own. Thus, it’s somewhat understandable that some view it as a source of funds when they encounter a financial need.

Plan education accounts offer tax-free savings growth and tax-free withdrawals if you use the money to pay for eligible ...