You may qualify for medical debt hardship relief in more situations than you realize. Here's what to know now.

The Education Department released its draft text for its new student-debt relief plan. It outlined four groups of borrowers it is prioritizing for loan forgiveness. A fifth group, borrowers with ...

Employees can still submit hardship-based telework requests, but approvals must come from the agency’s leadership or its ...

If you’re facing a financial emergency, you might be wondering: What is a hardship withdrawal and should I take one? A hardship withdrawal is an early withdrawal from certain retirement accounts, like ...

Vanguard recently released its "How America Saves 2025" report. The data reveals that 401(k) hardship withdrawals have been on the rise since 2020. It's best to avoid withdrawing money early from your ...

Three in five Americans now say inflation is causing them financial hardship, an increase from the end of last year despite inflation falling in recent months, according to a new poll. A Gallup poll ...

A hardship withdrawal is limited to the amount necessary to satisfy the financial need. This type of withdrawal should be a last resort. Better alternatives may include emergency funds, loans and ...

Forbes contributors publish independent expert analyses and insights. Cicely Jones simplifies financial concepts for young professionals. If you look at your balance sheet and have an ...

There is some definition to those terms, but keep in mind plans are not required to allow hardship withdrawals. The plan documents, available from the plan’s administrator, will outline what a given ...

It just got easier to take money out of your 401(k) or 403(b) retirement plan. The Internal Revenue Service has issued final rules on hardship withdrawals that spell out a host of changes meant to cut ...

Jared Hughes has spent more than eight years covering personal finance, with bylines at the New York Post and NewsBreak. Fox Money is a personal finance hub featuring content generated by Credible ...

Amid stubbornly high inflation, a record-breaking share of Americans are turning their 401(k) accounts into emergency piggy banks, according to Vanguard. Dissecting data from a sample of the ...