Required minimum distributions (RMDs) are a way for the IRS to ensure it receives some money after allowing you to deduct ...

A new report reveals that over one-third of U.S. workers have borrowed from their retirement savings, prompting warnings from ...

A 401 (k) loan permits you to withdraw up to 50% of your vested account balance or $50,000, whichever is less. If your vested ...

Turning 73 in 2025: For the first year you're subject to RMDs only, you can wait until April 1 of the following years to take ...

IRS rule changes will require some older workers to make 401(k) catch-up contributions with after-tax dollars.

With a traditional retirement plan, you'll not only pay taxes on gains eventually, but you'll also be forced to take required ...

Fact checked by Vikki Velasquez Key Takeaways The average 401(k) balance for people in their 60s was $568,040 in June 2025. The median amount saved was much lower, at $188,792.How much you need to ...

Answer: If you got a deduction for contributing this money, and you want to keep the funds you’re required to withdraw, then yes, you have to pay taxes on these distributions.

Twenties: While 77% of young middle-class adults report saving for retirement (via 401 (k)s or other means), median ...

Learn how compound interest, consistent investing, tax-advantaged accounts, and employer matching can help you save for ...

Whenever you leave an employer for good, you often have a number of loose ends to address. And one of the most financially ...

More than six in 10 people in the American middle class cite enjoying life (63%) and being healthy and fit (61%) as top ...