Workers should know about these six 401(k) tax rules that can affect how much they'll pay in taxes both now and in retirement ...
There's a new rule coming to 401(k) catch-up contributions this year that affects higher earners. And it may also have an ...
The new change to catch-up contributions could mean you’ll have more taxable income in the next filing year. For ...
For a 65-year-old staring at a lifetime of paychecks replaced by portfolio statements, the central question is not just "Did ...
This new rule will give families more flexibility by allowing some people to tap into their retirement savings early without the usual penalty, to help cover the cost of long-term medical care even ...
A 401(k) plan is a tax-advantaged retirement account offered by many employers. There are two basic types—traditional and ...
The reality is sobering: The average 401 (k) balance of a Gen Xer is about $190,000, while the average balance for Boomers ...
But keep in mind that you can't keep all that money in there forever. The IRS requires you to begin withdrawing money from ...
A 54-year-old with $4M in a 401(k) has eight times the average balance for people in their 50s. The rule of 55 allows penalty-free 401(k) withdrawals if you leave your job in the year you turn 55 or ...
401(k)s offer fewer investment options than IRAs. You typically can't withdraw your funds before age 59 1/2 without penalty. You may do better by spreading your money across several retirement ...
Discover the significant retirement changes coming in 2026, including increased 401(k) contribution limits and updated Social Security rules affecting both high and low earners. Prepare your ...