New federal rules are quietly turning workplace retirement plans into a more flexible source of cash for emergencies, medical needs and even long term care. The policy shift is meant to help workers ...

A 401(k) plan is a tax-advantaged retirement account offered by many employers. There are two basic types—traditional and Roth. Here’s how they work.

There's a rule that allows you to take $1,000 out in the event of an emergency from your 401(k) with no penalty.

You can now take penalty-free 401(k) withdrawals to pay for LTC insurance. The most you can withdraw for this purpose is $2,600 in 2026. Taking a 401(k) withdrawal for this reason could set your ...

Typically, 401(k) withdrawals taken prior to age 59 and 1/2 are subject to an early withdrawal penalty. While some exceptions exist already, a new rule allows savers to tap their 401(k)s early to ...

When facing a financial emergency, accessing money in a 401(k) plan can feel a bit like being stranded at sea: surrounded by water, yet unable to take a drink. Your money is there, it’s just not ...

A bill to waive the tax penalties for withdrawing money from a 401(k)-account early if the money is used for closing costs or down payments for purchasing a home was introduced last week in the House ...

An early withdrawal penalty is a fee incurred when withdrawing funds from a retirement account before a certain point in time. Early withdrawal penalties typically apply to retirement accounts or ...