Qualified distributions are allowed at age 59½, but an exception may allow you to make a penalty-free withdrawal Claire Boyte-White is the lead writer for NapkinFinance.com, co-author of I Am Net ...

Defaulting leads to a 10% penalty and potential loss of future investment gains.

Many people feel unsure about what really happens to a 401(k) once retirement begins, especially with taxes and rule changes. Your options become clearer once you know the key ages, penalties, and ...

Named after a section of the U.S. Internal Revenue Code, a 401(k) is a defined-contribution plan typically provided by an employer. It features some tax advantages. The employer may match employee ...

Learn about the After-Tax 401(k) Contribution: what it is, and how it works. Benefits, drawbacks, and rollover rules are also ...

A Roth 401(k) is a workplace retirement account that lets you contribute after-tax dollars today in exchange for tax-free withdrawals in retirement. In other words, you pay taxes on your contributions ...

Employers may match your 401(k) contributions, often limited to a certain percentage. Understanding your company's matching and vesting rules can maximize your benefits. Be aware of annual 401(k) ...

You might think you already know all you need to know about how your 401(k) works. After all, the premise of such accounts is fairly straightforward: You elect to contribute a percentage of each of ...

Learn how to convert your 401(k) to a Roth IRA, understand tax implications, MAGI effects, the five-year rule, and smart strategies to minimize your tax hit.

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 ...

Even with a rocky start to the year in the market, workers in their 40s appear to be sticking with their retirement contributions. That's based on Fidelity's latest report, which analyzed data from ...