Early withdrawals can shrink your 401(k) savings. See how to calculate the IRS 10% penalty, and learn about exceptions, SECURE 2.0 updates, and penalty‑free alternatives.

Key Takeaways Recent research shows that married retirees withdraw about 2.1% of their savings annually, while spending 80% of their guaranteed income, like Social Security.Morningstar's latest ...

There's a new rule coming to 401(k) catch-up contributions this year that affects higher earners. And it may also have an ...

A 401(k) plan is a tax-advantaged retirement account offered by many employers. There are two basic types—traditional and ...

Roth conversion strategies for tax efficiency, preservation portfolios, and lifestyle tips for well-being—read now.

A retirement budget compares expected income with planned expenses to see whether spending fits within available income. This ...

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 ...

The new change to catch-up contributions could mean you’ll have more taxable income in the next filing year. For ...

It’s important to recognize that 401(k) withdrawals in retirement are taxable. Increasing your taxable income could also mean facing taxes on Social Security and higher Medicare premiums. A Roth 401(k ...

If you play your cards right, you can avoid an unwanted tax bill. When I first started working full-time and was able to make ...

But keep in mind that you can't keep all that money in there forever. The IRS requires you to begin withdrawing money from ...

For many of us, retirement may seem far away. However, if you ask people who have already retired, many of them will tell you just how fast it can creep up on you. That's why it's important to begin ...