Fortunately, there are many exceptions to the 10% penalty on early retirement distributions. Some apply to both IRAs and 401 ...

Discover the benefits and drawbacks of using your 401(k) to pay off your mortgage, including tax implications, retirement savings impact, and interest savings.

Usually, taking an early withdrawal from your 401 (k) or IRA means paying an extra 10% penalty on top of income taxes. There ...

Tax-deferred retirement accounts are a necessary source of income for seniors looking to age in place. But it can be confusing to navigate the options for taking the required minimum distributions ...

Matt Danielsson has 21+ years of writing experience and 7+ years as a financial advisor. He is the founder of Danielsson Enterprise. Marguerita is a Certified Financial Planner (CFP), Chartered ...

A 401 (k) is a great option because it largely operates behind the scenes and allows people to save and invest for retirement ...

For many of us, retirement may seem far away. However, if you ask people who have already retired, many of them will tell you just how fast it can creep up on you. That's why it's important to begin ...

A 401(k) is an employee-sponsored retirement plan offering tax advantages. You contribute a chosen percentage of your income, which is then automatically withheld from each paycheck by your employer ...

With a Roth 401(k), you give up a tax break on your contributions. Despite that drawback, Roth 401(k)s offer a host of benefits. Not only can a Roth 401(k) give you access to tax-free income in ...

There are plenty of good reasons to participate in an employer 401(k) plan if you have one available to you. For one thing, ...

As retirement nears and the start of 2026 right around the corner, reallocating a 401(k) becomes critical to balance growth, ...