401(k) penalty-free withdrawal exceptions are provisions outlined by the IRS that permit individuals to make early withdrawals from their 401(k) accounts without incurring the usual 10% penalty. These ...

Hardship withdrawals from 401(k) plans surged to 4.8% of participants in 2024, up from 3.6% in 2023, according to Vanguard Group Inc. data. The increase reflects growing financial pressure on American ...