A 401 (k) loan permits you to withdraw up to 50% of your vested account balance or $50,000, whichever is less. If your vested account balance is less than $10,000, then you can withdraw up to $10,000.

There are pros and cons to withdrawing from your 401K in a pinch. Learn more about the pros and cons, penalties, and rules in this.

A new report reveals that over one-third of U.S. workers have borrowed from their retirement savings, prompting warnings from ...

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 ...

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 ...

What Are the Rules of 401(k) Plans? A 401(k) plan is a retirement savings plan primarily sponsored by an employer. It allows employees to save and invest part of their paycheck before taxes are taken ...

When times are tough and household budgets are under severe strain, taking cash out of your 401(k) plan can provide some relief. However, it’s best to be cautious, as there are specific rules related ...