
The Cost of Untimely Retirement Plan Distributions
When you are faced with needing cash quickly, or if have an unexpected expense, you may be tempted to take an early withdrawal or borrow funds from your employer-sponsored 401(k) plan account (if your plan allows it). Be aware that the convenience of taking untimely distributions (loans, early withdrawals, hardship distributions, etc.) could come with significant consequences on your short and long-term goals.