While federal taxes apply uniformly, the way states tax 401(k) withdrawals can vary widely. Some states fully tax 401(k) ...
As President-elect Donald Trump prepares to take office in 2025, his proposed policies could reshape retirement savings by ...
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 ...
IRS rule changes will require some older workers to make 401(k) catch-up contributions with after-tax dollars.
When you need money quickly and you don't have the cash at hand, you may start looking for the cheapest and easiest way to get the funds you need. A 401 (k) withdrawal might seem to fit that bill: ...
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. The purpose of building a retirement nest egg is to have ...
Some older Americans will see a change in how they can make 401(k) catch-up contributions next year. Is there a catch?
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 ...
The IRS issued new regulations last month to implement a provision of a 2022 law known as the SECURE 2.0 Act, which requires ...
Starting in 2026, people aged 50 and older who earn more than $145,000 a year at one employer will face a big change in how ...