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.
USA Today

Here's why an alarming number of workers cash out 401(k) plans

A 401(k) retirement account is supposed to be hands-off. It’s not your money, in theory, but savings for the future you. And yet, when Americans leave jobs, one-third of them cash out their 401(k) ...
Hosted on MSN

Can I cancel my 401(k) and cash out while employed?

(NewsNation) — It is possible to cancel your 401(k) and cash it out while you’re still employed, but it comes at a cost. Andrew Latham, a certified financial planner, told InCharge Debt Solutions, ...
Investopedia

Experts Warn Against Cashing Out Your 401(k) Because It Could Cost You Thousands

Trina Paul is a Breaking News and Personal Finance Writer at Investopedia, covering topics like retirement, consumer debt, and retail investing. She focuses on making complex financial topics ...