Qualified distributions are allowed at age 59½, but an exception may allow you to make a penalty-free withdrawal Fact checked by Suzanne Kvilhaug Reviewed by David Kindness Employer-sponsored 401(k) ...
Tax-advantaged retirement accounts like a 401(k) or IRA are powerful saving tools. The key benefit of a 401(k) or IRA is the ability to defer taxes on savings. If you break the IRS' rules, you could ...