401 (k)s are tax-advantaged retirement plans, and they're subject to IRS rules about when you can take money out of your ...

Reaching age 65 doesn't automatically change how the IRS taxes your 401(k) withdrawals. Instead, it taxes distributions from ...

There's typically a 10% early withdrawal penalty if you take money out of your 401(k) before turning 59 1/2. The IRS does offer some exceptions to this rule. Even if you qualify for an exception, ...

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When times are tough and household budgets are under severe strain, taking cash out of your 401(k) plan can provide some relief. However, it’s best to be cautious, as there are specific rules related ...

If you have a tax-deferred retirement savings account such as a 401(k), taking earlier or larger withdrawals than required ...

Discover how 401(k) balances in your 40s and 50s stack up and learn smart strategies to grow savings, such as catch-up contributions and Health Savings Accounts (HSAs).

After delaying a rule requiring high-income 401(k) savers aged 50 or older to make catch-up contributions in Roth accounts, ...

When you need money in a hurry and you don't have enough cash on hand, dipping into your 401(k) might seem like the logical option. There's no need to deal with loan paperwork, and you don't have to ...