(k) retirement plans come in two types: traditional and Roth. A traditional 401(k) allows you to contribute pre-tax dollars, ...

RMDs: Beginning at age73 (or 75 if you were born in 1960 or later), you must begin taking RMDs from your 401 (k), even if you ...

Roth 401(k)s offer a number of benefits, including tax-free gains and withdrawals. But before you get your mind set on one, ...

If you contribute to the Roth 401k: You'll pay 35 percent income taxes today on $10,000 -- $3,500 - so that money is gone. You'll have $6,500 left to invest in a Roth 401k. Your $6,500 will grow ...

As of March 2022, 401(k) plans held approximately $7.3 trillion in assets. In 2022, the maximum contribution to a 401(K) for individuals was $20,500 or $27,000 if the employee is over the age of 50.

If you’re 70 with a $1.5 million 401(k), you’re in a great place financially. For one thing, $1.5 million is well over the ...

While Vanguard's newly released "How America Saves" yearly report reveals that Americans' 401 (k) savings rates are at record ...

Editor's note: In the U.S., those saving save for retirement can use any number of accounts, products and investments. One such account is the Roth 401(k), which allows participants to make after ...

The Roth 401(k) account, for example, must be established for at least five years, and generally, you'd need to be over the age of 59½ for tax-free and penalty-free withdrawals.

Look for my next post on this subject in a few days, where I'll do the math to show how a Roth 401k conversion might increase the amount of money you'll have to spend in retirement.

Now that Roth 401(k) plans will soon be exempt from those RMDs, it becomes possible to build that lifelong source of tax-free retirement cash without going through an IRA. That is huge, for a ...

A Roth 401(k) can be a great option if you earn too much to qualify for a Roth IRA. In 2024, to contribute the maximum amount to your Roth IRA ($7,000 or $8,000 if you are 50 or older), ...