Turning fifty-nine and a half doesn't exactly sound like a milestone birthday worth celebrating with cake and candles. Yet ...

During challenging financial times, people often consider withdrawing money from their 401(k) plans. Balances in 401(k) plans are deceiving. They are not like checking accounts where what you see is ...

Morningstar’s new analysis suggests retirees can start with one withdrawal rate and adjust for inflation, but taxes, fees, and portfolio mix still matter.

There's typically a 10% early withdrawal penalty if you take money out of your 401(k) before turning 59 1/2. The IRS does offer some exceptions to this rule. Even if you qualify for an exception, ...

Recent research reveals retirees withdraw just 2.1% of their savings annually—about half the amount experts recommend. Here's what the data shows.

If you have a target retirement age circled on your calendar, you might be planning around the wrong metric. According to ...

Older high-income workers who make contributions beyond the standard amount will have to put that extra money into a Roth 401 ...

One of the biggest questions anyone will ask about their financial future is exactly how a 401(k) works. At some point, this important and well-known financial program will stump most people with ...

Key Takeaways For most people, the answer is no—raiding a 401(k) to pay off credit card debt costs far more than grinding through payments.The money withdrawn stops earning money for you, and what ...