Qualified distributions are allowed at age 59½, but an exception may allow you to make a penalty-free withdrawal Claire Boyte-White is the lead writer for NapkinFinance.com, co-author of I Am Net ...
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I'm a CFP: Here's the real cost of a hardship withdrawal from your 401(k) -- and smarter options
Using your 401(k) in a crisis can cost more than you think. Learn the taxes, penalties and lost growth tied to hardship withdrawals — and better options to try.
More Americans are using 401(k) retirement accounts as personal ATMs. Last year, 6% of Vanguard retirement savers took hardship withdrawals from their 401(k) accounts, an all-time high. Hardship ...
A record share of Americans are tapping their retirement savings accounts to cover emergency expenses, according to new data from financial services firm Vanguard. In 2025, 6% of people enrolled in ...
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Hardship 401(k) withdrawals hit record
A record share of Americans turned to their retirement accounts to cover urgent needs this year, a sign that household budgets remain under strain. New figures show that 6% of Americans made hardship ...
The MarketWatch News Department was not involved in the creation of this content. COLUMBUS, Wis., March 04, 2026 (GLOBE NEWSWIRE) -- A record number of Americans are turning to their 401(k) retirement ...
Close-up of a smartphone displaying an IRS webpage about 401(k) plans next to a pen and printed documents - Tada Images/Shutterstock Designed as a vehicle for retirement savings, 401(k)s were never ...
(NewsNa t ion) — A strong stock market had pushed the number of 401(k) millionaires to a record high by the end of 2025, but more workers are also tapping their retirement savings to cover financial ...
A record number of Americans tapped into their 401(k) retirement savings for hardship withdrawals last year due to financial challenges, new data shows. Vanguard Group reported that 6% of participants ...
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