hardship withdrawals

American Citizens’ 401(k) Accounts Lost a Fifth of Their Value in 2022

The balances of 401(k) retirement accounts have declined in 2022, with the share of participants who are making “hardship withdrawals” hitting a “new high,” according to a recent report by ...

June 16, 2023BY Naveen Athrappully
Should You Tap Your 401(k) When Urgent Financial Needs Arise?

Shortly after COVID-19 started and many people lost their jobs, the government permitted penalty-free 401(k) withdrawals for people ...

March 29, 2023BY Mike Valles
Hardship Withdrawals From Retirement Accounts Surge as Americans Battle Rising Prices

Last year, a higher proportion of Americans with 401(k) accounts carried out hardship withdrawals—emergency removal of funds from ...

February 3, 2023BY Naveen Athrappully

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