Many retirees are caught off guard when they discover that their Social Security benefits may be subject to federal income taxes. Understanding how the IRS calculates taxable portions based on your ...

Taking withdrawals from an individual retirement account (IRA) before you reach age 59 1/2 is generally considered an early distribution or withdrawal. You want to avoid early distributions because ...

Before tapping into your retirement savings, learn the six situations where a 401(k) hardship withdrawal can be a smart financial decision.

The financial services firm’s guidance takes a different path than the traditional 4%-a-year strategy. Researchers compare ...

A 401 (k) is the most popular type of retirement account, but it's not the only option available. Others, like individual retirement accounts (IRAs), are worth considering and contributing to before ...

While this sell system is designed to preserve the growth portion of a portfolio, it comes with a downside: Money can be ...

However, if you withdraw money from a 401 (k) before the plan’s normal retirement age or from an IRA before turning 59 ½, you’ll pay an additional 10 percent in income tax as a penalty. But ...

Record levels of early 401 (k) withdrawals occur as financial emergencies rise. Experts advise caution to avoid penalties and plan for long-term security.