Pulling money out of my 401k?

If you are still working for that employer, you probably can't pull it out. You MIGHT be able to borrow against it.

Why don't you have an emergency fund so you don't need to do this?? You have 3 - 6 months of living expenses in your emergency fund. 401k is for retirement - period. It isn't supposed to be your passbook savings.
The only way you take money out:
1. hardship withdrawal
2. you leave your employer

BAD IDEA! You will have to pay a fine, and 401k accounts should NEVER be used as piggy banks: you are fooling yourself, and you will rue it when you retire.

Not exactly. You will be assessed a penalty for early withdrawal and you will have to pay taxes on it, since you did not pay taxes on it when you put the money into the 401k. Other than that, take out what you must. It's your money.

It's a very bad idea to pull money from a 401K, try to get the money elsewhere or borrow against the 401K

Normally, you can't touch money in a 401k while you still work for the the sponsoring employer. Some plans have a hardship clause and some do not.

If you can get the money, you can expect to lose about 40% of it to taxes and penalties.

Some plans have loan options where you borrow the money. This way, there are no taxes or penalties but you have to pay the money back.

You will have to talk to your HR person at work.

Ridiculous due to the heavy fine and taxability.

Technically, you are allowed to borrow against it. But the rules are very restrictive. There are very bad tax penalties, and they will count the money as income. Try to find a different way.

You have nothing. You don't have a good amount in a 401k after a year, you owe taxes. Find some other way.

To look at it from a non drugged out standpoint what you earn in a month from a 'job' is more than enough for anything you need if you think you have a 'good amount of money' in a 401k

If a lump sum is not needed right now suspend putting money into the 401k for the time being. You might also rework your W-4 to reduce withholding and get more $ to apply to this new debt. {Owing $999 to the IRS on April 15 means you borrowed the money for free. You can build up that amount in J F M 2020.}

If you can borrow, it is limited to 50% of your vested balance.

I’d wait unless it’s important

You would owe a penalty plus income tax. So its best to not do it if you can.

Find another way.

Typically you can borrow the money out of it as long as you pay it back. The account remains open and continues to grow, but more slowly as there is less money in there.

You are going to have to check the rules of the plan. Once money is taken out it may end. There will be a 10% penalty on the money plus income tax. See if you can borrow on it. The rate is very low and you are paying it back to yourself.