If you have medical expenses that exceed 7.5% of your adjusted gross income (AGI), you can withdraw from your 401(k) to cover them. Keep all documentation of your medical expenses, as you may be ...

Fidelity and AARP are warning Americans about the steep costs of tapping 401(k) and IRA funds before age 59½, as new rules and market volatility raise the stakes. Early withdrawals can trigger a 10% ...

Early withdrawals are generally subject to a 10% penalty, in addition to normal income taxes. But there are lots of exceptions—including some new ones. Here’s the latest. One source Americans consider ...

In a recent monthly newsletter, IRA expert Ed Slott discussed the ways in which investors can avoid the early withdrawal penalty when they withdraw assets from their retirement accounts prior to age ...

Vanguard data shows more Americans are withdrawing retirement savings early in 2024. Both hardship and nonhardship distributions are rising. Financial pros suggest building savings buffers and ...