Remember that as you get closer to retiring, your retirement portfolio should be less risky. Consider safer investment ...

Since withdrawals from their Roth IRAs are off the table for now, the couple must choose how much to take from the remaining accounts. They decide to withdraw 60% from their 401 (k)s ($24,000) and 40% ...

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

Tax-advantaged retirement accounts require mandatory withdrawals beginning at age 73, creating substantial tax liabilities ...

Some future retirees could end up getting more time to amass a heap of money that won't be taxed when they or their heirs tap it. Under a provision in a federal retirement bill that cleared the House ...

When times are tough and household budgets are under severe strain, taking cash out of your 401(k) plan can provide some relief. However, it’s best to be cautious, as there are specific rules related ...

Anyone facing required minimum withdrawals from retirement accounts should note there's been a change to calculating those amounts. Starting this year, new IRS life expectancy tables — which are used ...

While an early withdrawal from a 401(k) may have a long-term impact on your retirement fund, it is sometimes necessary. You should still try to limit such a withdrawal to situations that allow you to ...

The tax implications of retirement savings withdrawals can be complex, but understanding a few basic principles can help retirees avoid costly mistakes. Having a well-considered retirement withdrawal ...

When it comes to required minimum distributions, there are plenty of ways to make mistakes. This year, the chore may seem even more confusing than usual. After being waived for 2020, those RMDs — ...

Retirement accounts like the 401(k), 403(b), and traditional IRA are tax-deferred, meaning you get a tax break upfront (the ability to deduct contributions from your taxable income), but you must ...