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Qualified distributions are allowed at age 59½, but an exception may allow you to make a penalty-free withdrawal Fact checked by Betsy Petrick Reviewed by David Kindness Employer-sponsored 401(k) ...

Saving in a 401(k) plan allows you to qualify for tax breaks and employer contributions. However, in order to keep that money, you need to steer clear of 401(k) penalties. There are penalties if you ...

Withdrawing your 401(k) early may offer a way out of a tricky financial situation, but early withdrawals also come with consequences. Discover More: 4 Unusual Ways To Make Extra Money That Actually ...

Farran Powell is the managing editor of investing at Forbes Advisor. She was previously the assistant managing editor of investing at U.S. News & World Report. Her work has appeared in numerous ...

A hardship withdrawal is limited to the amount necessary to satisfy the financial need. This type of withdrawal should be a last resort. Better alternatives may include emergency funds, loans and ...