Early withdrawals from your 401(k) may ease today’s cash crunch, but taxes, penalties, and lost compound gains can cost you ...

During challenging financial times, people often consider withdrawing money from their 401(k) plans. Balances in 401(k) plans are deceiving. They are not like checking accounts where what you see is ...

While an early withdrawal from a 401(k) may have a long-term impact on your retirement fund, it is sometimes necessary. You should still try to limit such a withdrawal to situations that allow you to ...

Your 401(k) doesn’t just disappear when you die. Here’s how it’s transferred, who gets it, the tax impact, and why ...

Borrowing or withdrawing from your 401(k) leads to missed potential market returns. A withdrawal or loan reduces your investment base, forfeiting decades of compounding growth. Recovery takes ...

The order in which you withdraw money from retirement accounts can significantly impact how much you owe in taxes. One of the most popular withdrawal strategies involves drawing from taxed accounts ...

Vanguard recently released its "How America Saves 2025" report. The data reveals that 401(k) hardship withdrawals have been on the rise since 2020. It's best to avoid withdrawing money early from your ...

Saving for retirement is complicated, and this IRS rule is pretty important. The biggest effect that most investors will have on their long-term wealth is from saving. Investing is important, but you ...

A 54-year-old with $4M in a 401(k) has eight times the average balance for people in their 50s. The rule of 55 allows penalty-free 401(k) withdrawals if you leave your job in the year you turn 55 or ...