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

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 ...

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

Retirees with significant assets often have to plan around required minimum distributions (RMDs). If you already have ...

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 ...

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 ...

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 ...

The funds you stash in your 401(k) plan are intended for your future retirement. But sometimes life throws you a curveball, and you need money fast. In those cases, you may be able to tap into your ...

After decades of squirreling away money for retirement, there comes a time when retirees must start withdrawing money from their accounts. Drawing down 401(k), IRA and other assets earmarked for ...