early withdrawal penalties

The Dangers of 401(k) Loans

Dipping into your 401(k) plan is tantamount to journeying into the future, mugging your 65-year-old self, and then booking it back to present day life. And yet, a new study finds that one in four workers resorts to taking 401(k) loans each year.

How to Withdraw Retirement Funds Penalty-Free Before 59

One of the biggest challenges for early retirees, aside from needing to save enough extra money that it can last though a longer retirement, is that there are early withdrawal penalties on most pre-tax retirement accounts. Luckily, there are many ways to dodge those penalties.

Borrowers Beware: 401(k) Loans Hold a Hidden Risk

If you're in financial trouble, borrowing from your 401(k) may look smart -- at first. There's no application process, and the low interest you pay goes back into your account -- you're paying it to yourself. Unfortunately, those benefits come with a catch.

The 5 Most Dangerous IRA Mistakes You Can Make

There may be several good reasons to withdraw funds from your IRA before 59 1/2, but be careful, because the penalties and fees can add up, writes MoneyShow personal finance expert Terry Savage.