A new rule is going into effect next year that will affect high earners who make “catch-up contributions” in their 401(k)s or other tax-deferred workplace retirement plans.

After decades of squirreling away money for retirement, there comes a time when retirees must start withdrawing money from their accounts. Drawing down 401(k), IRA and other assets earmarked for ...

IRS changes to retirement savings rules could alter how your catch-up contributions are taxed and reduce your benefits over time.

If you don't have a strategy for taking money out of your retirement accounts, your accounts could run dry too soon.

Here are three tricky decisions that confront people planning for retirement today. It’s impossible to determine the “right” ...

Retirement planning demands a strategic approach to balance income sources like 401(k) and Social Security. Understanding their interaction is key to minimizing tax liabilities and ensuring financial ...

Kristina Byas is contributor at Investopedia. As a personal finance expert, she has lent her insights and knowledge to numerous financial publications. Her articles have helped readers navigate the ...

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, ...

Whether you have millions of dollars in your 401(k) or just a few thousand, once you leave your job, you have to make a decision on what to do with that money. For some retirees, it makes sense to ...

You've spent decades contributing to a tax-advantaged retirement savings account. Now, for one reason or another, you want to withdraw your money. Maybe a medical issue has pushed you into early ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. The Roth IRA is one of the most powerful savings tools ...

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 ...