Retirement planning involves more than building a nest egg, it also requires managing taxes so you keep more of your savings. Whether you are starting your career or nearing retirement age, the right ...

The IRS requires Solo 401k plan owners with more than $250,000 in their plan to file a Form 5500-EZ every year. The form satisfies annual reporting and filing obligations set by the IRS. It's another ...

When hard times befall you, you may wonder if there is a way withdraw money from your 401k plan. In some cases you can get to the funds for a hardship withdrawal, but if you’re under age 59½ you will ...

People with 401k plans who are leaving their employer have the option of rolling their 401k into an individually owned IRA or Roth IRA. The Roth IRA can be an attractive option for converting future ...

401(k) hardship withdrawals hit a record high, with 4.8% of workers taking a withdrawal in 2024, according to the Vanguard Group. Vanguard head of retirement research Kelly Hahn joins Mind Your Money ...

You need $5,000 right now. Where do you get it? No, that's not a hypothetical question, at least not for many Americans who have lost their jobs since the pandemic started. After trimming budgets, ...

With retirement planning and taxes, there are often two ways to look at a question: First, can you do something, and then, should you do it? For example, let's say we have a household planning for ...