The wisdom of financial planning often clashes with the messy reality of life, and for one couple in their early 50s, a strong retirement nest egg and a valuable home aren't enough to quell the severe ...
Early withdrawals from your 401(k) may ease today’s cash crunch, but taxes, penalties, and lost compound gains can cost you tens of thousands in the long run.
A 401(k) plan is a valuable retirement account that can lead to a smoother financial journey after your career concludes. However, some people may want to tap into those funds for a home purchase.
A prominent lawyer was recently sentenced to home confinement for falsely claiming hardship to withdraw funds. How desperate must you be to take money out? By Ron Lieber Sometimes, it’s illegal to ...
Question: I'm 61 with a $950,000 401(k) and need $50,000 for home repairs. Should I borrow given today's rates or take a 401(k) withdrawal? Answer: The nice thing about owning a home is getting to ...