Of course, there are some downsides. You don't get to take advantage of capital losses, which can be used to offset gains in ...

The IRS requires you to calculate the withdrawal separately for each account, although IRA balances can be combined if you prefer to take the full amount from just one IRA. For 401(k)s, however, the ...

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 rule of 55 can benefit workers who have an employer-sponsored retirement account such as a 401 (k) and are looking to retire early or need access to the funds if they’ve lost their job near the ...

401-K plans are a form of deferred-tax retirement account that allows for employees to divert a portion of their salary for ...

To qualify for these penalty-free emergency withdrawals, account holders must self-certify in writing to their employer that the withdrawal is due to an emergency. This self-certification process ...

Being diagnosed with a terminal illness will throw your life into chaos, and with that comes a host of financial concerns that can quickly eat up any savings you may have. Having access to your 401(k) ...

If you’re facing a financial emergency, you might be wondering: What is a hardship withdrawal and should I take one? A hardship withdrawal is an early withdrawal from certain retirement accounts, like ...

Inherited IRA distribution rules have changed in ways that can significantly impact your taxes and tax strategy.

Learn how and when to convert tax-deferred accounts to a Roth IRA, the tax implications, the 5-year rule, and smart strategies like laddering or backdoor Roth conversions.