401(k) Loans and Hardships

Mike Converse explores the various ways to withdraw funds from your 401(K) account, focusing on two main options: loans and hardship distributions. He provides an in-depth look at the different types of loan options available, along with the benefits and drawbacks of taking money out of your retirement savings. Discover what qualifies for a hardship loan as well as the difference between hardship and regular 401(K) distributions.