Viewing entries tagged
401(k)

Clearing the Air on 401(K) Hardship Withdrawals

Clearing the Air on 401(K) Hardship Withdrawals

When it comes to 401(k) plans, some people may find themselves a bit confused about the 10% Federal income tax penalty for withdrawals prior to age 59½ and hardship withdrawals from a 401(k) plan.

BORROWING FROM YOUR 401(k)

BORROWING FROM YOUR 401(k)

You’ve got a home improvement project slated for next spring, and you don’t plan on retiring for quite some time. What’s the harm in taking a small loan from your 401(k)? The money is just sitting there…and technically it is your money…right?