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  2. The pros and cons of taking out a 401(k) loan - AOL

    www.aol.com/finance/pros-cons-taking-401-k...

    The ability to take out a loan helps make a 401 (k) plan one of the best retirement plans, but a loan has some key disadvantages. While you’ll pay yourself back, you’re still removing money ...

  3. 401(k) withdrawal rules: What to know before cashing out ...

    www.aol.com/finance/what-are-401k-withdrawal...

    Personal loans. Most credit unions, banks and online lenders offer flexible personal loans that don’t require collateral — or touching your 401(k) — at rates that beat credit cards. Home equity.

  4. How to withdraw money from a 401(k) early - AOL

    www.aol.com/finance/withdraw-money-401-k-early...

    You can withdraw your contributions (that’s the original money you put into the account) tax- and penalty-free. But you’ll owe ordinary income tax and a 10% penalty if you withdraw earnings (i ...

  5. 401(k) - Wikipedia

    en.wikipedia.org/wiki/401(k)

    401 (k) In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer.

  6. 401(k) and IRA hardship withdrawals – 5 ways to ... - AOL

    www.aol.com/finance/401-k-ira-hardship...

    So if they need the money for other hardship reasons (such as a principal residence, tuition or funeral expenses), account owners will still end up paying the 10 percent penalty tax. 4. Focus on ...

  7. A complete guide to 401(k) retirement plans: What is a ... - AOL

    www.aol.com/finance/complete-guide-401-k...

    Any 401(k) withdrawal that occurs before age 59 1/2, however, may be subject to an additional tax and a 10 percent penalty. Roth 401(k) : Contributions are made with after-tax dollars, meaning you ...

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  9. Should you use retirement savings to pay off debt? - AOL

    www.aol.com/finance/retirement-savings-pay-off...

    401(k) loans If you’re set on tapping your retirement account to pay off debt, taking out a 401(k) loan might be a better move than taking a hardship withdrawal .

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