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In some cases, you can make a hardship withdrawal from your 401(k) plan to cover what the IRS calls an “immediate and heavy financial need.” While it can provide short-term financial relief, that same withdrawal can create financial challenges in the future.
It can also increase your short-term costs due to taxes and the 10% penalty fee if you are under 59 ½ years old....
You won’t get a phone call from the Social Security Administration (SSA) saying that your Social Security number has been suspended. That’s important to keep in mind as scammers become more sophisticated.
The Department of Justice warns that some scammers ar...