Learn 401(k) hardship withdrawal rules, qualified reasons, penalties and alternatives. See if you qualify and how it impacts ...

Learn about qualified distributions from retirement accounts, IRS rules, tax implications, and how to maximize your tax benefits while avoiding penalties.

Discover options like SEPP and hardship withdrawals for accessing 401(k) funds when unemployed, and learn how to avoid penalties and manage taxes.

Because everyone deals with a different set of circumstances, there's no single set of rules to tell you in which order to make your withdrawals. However, as the following scenario will show, a good ...

I was the beneficiary of my late wife’s IRA and 401 (k) — but I want our kids to get the cash. Do I still have to take ...

If you have a tax-deferred retirement savings account such as a 401(k), taking earlier or larger withdrawals than required won't directly reduce future mandated distributions. However, since pulling ...

In return, the Internal Revenue Service (IRS) expects to eventually recoup the taxes from you when you make withdrawals from these accounts in retirement. To avoid a situation where someone doesn't ...

Untangling their finances after they die only adds to the strain — particularly when it comes to retirement accounts. Imagine ...