The number of 401(k) participants taking hardship distributions increased 36% year over year, Bank of America said Aug. 8. Still, contributions remained steady and average balances are up, the bank ...

Life happens, and even the most meticulous budgeter can’t predict when a financial crisis will hit their wallet. Hardship loans, which are similar to personal loans, make it possible to get through ...

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Low-income families with young children often face what can seem like a never-ending cycle of hardships. Basic necessities, such as stable housing, heat, lights and enough nutritious food, can become ...

The early cancellation of unemployment benefits in certain states didn’t get their residents back on the job as intended, new research found. Rather, it led to greater financial hardship. The 12 ...

It appears the DOL and IRS may be cracking down on plans that do not follow strict requirements for authorizing permitted hardship withdrawals. The government is concerned about the problem of leakage ...