Want to Tap Your 401(k) Before Age 59½? Know These 10 Exceptions First.

When you need money in a hurry and you don't have enough cash on hand, dipping into your 401(k) might seem like the logical option. There's no need to deal with loan paperwork, and you don't have to pay the money back if you don't want to.But if you're under 59 1/2, taking money out of your 401(k) comes with a hefty tax bill. In addition to owing income tax on your withdrawals, you could also face a 10% early withdrawal penalty -- unless you qualify for one of these exceptions laid out by the IRS.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool