Many people worry about not having enough money for retirement. If you're one of them, here's how you can assess your situation and get back on track.

Assets distributed directly to you from a qualified retirement plan are considered taxable income and subject to local, state and federal taxes based on your income tax rate. And, if you haven’t yet ...

While federal taxes apply uniformly, the way states tax 401(k) withdrawals can vary widely. Some states fully tax 401(k) ...

You may not have to take a required minimum distribution (RMD) if you're under 73, or if the account meets certain criteria.

Saving for retirement is slipping out of reach for employees facing financial difficulties, and it's forcing them to make choices today that may undermine their future security. More than four in ten ...

After decades of squirreling away money for retirement, there comes a time when retirees must start withdrawing money from their accounts. Drawing down 401(k), IRA and other assets earmarked for ...

The IRS really means it this time when they say that high earners will have to start paying tax soon on their catch-up 401(k) contributions and then deposit them into workplace Roth accounts. Sort of.

Federal departments are now working out regulatory details for paving the way for alternative investments in 401(k) plans. In Michigan, the largest public pension plan held $44 million in bitcoin and ...

Early 401(k) withdrawals are those you make under age 59 1/2 without a qualifying reason. You'll pay a 10% early withdrawal penalty on top of ordinary income taxes. Consider early 401(k) withdrawals ...

This story is sponsored by B.O.S.S. Retirement Solutions. "If you've saved more than $300,000 in a traditional IRA or 401K, congratulations – you've already cleared one of the biggest hurdles that ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. The Roth IRA is one of the most powerful savings tools ...

Hardship withdrawals from 401(k) plans surged to 4.8% of participants in 2024, up from 3.6% in 2023, according to Vanguard Group Inc. data. The increase reflects growing financial pressure on American ...