How to Calculate Early Withdrawal Penalties on a 401(k) Account (Step-by-Step Guide)

Early withdrawals can shrink your 401(k) savings. See how to calculate the IRS 10% penalty, and learn about exceptions, SECURE 2.0 updates, and penalty‑free alternatives.
Hosted on MSN

How to Withdraw Money From Your 401(k) Before Retirement

Tapping into your retirement savings early may seem like a risky idea, but there are many reasons why you may have to take money from your 401(k) before retirement. These accounts are meant to support ...
The Motley Fool

Don't Make This 1 Costly 401(k) or IRA Withdrawal Mistake

Saving for retirement is complicated, and this IRS rule is pretty important. The biggest effect that most investors will have on their long-term wealth is from saving. Investing is important, but you ...
The Motley Fool

401(k) Hardship Withdrawals Are on the Rise, According to Recent Report. Here's What They Are, and What They Mean for Your Retirement Account.

Vanguard recently released its "How America Saves 2025" report. The data reveals that 401(k) hardship withdrawals have been on the rise since 2020. It's best to avoid withdrawing money early from your ...