The rule of 55 allows penalty-free 401(k) withdrawals only from your current employer’s plan after separation. Funds in old 401(k) accounts from previous employers remain subject to the 10% early ...

The most common savings vehicle for most people these days is a 401(k) plan. To know how much to set aside in these ...

Tracking down 401(k) accounts you left behind at an old job means adding to your nest egg. Here's how to do it.

For millions of American workers, a 401(k) is the cornerstone of their retirement strategy. It’s often the first investment account people encounter in the workplace, and for many, it may be the ...

Cashing out your 401(k) is easy, but it may result in tax penalties this year. With a direct 401(k) rollover, the funds never pass through your hands, and there's no risk of triggering immediate taxes ...

Saving for retirement is critical to having financial security as a senior. While you should set your own personal retirement savings goals, it can be helpful to see where you stand relative to your ...

How to pick investments for your 401 (k): For the one-fund, set-it-and-forget-it approach, use target-date funds. For a ...

More than $1.65 trillion sits in lost or forgotten 401(k) accounts. The average unclaimed balance is $56,616 — a lot of money for someone to lose sight of, to be sure. Yet, it's easy to understand how ...

I am eight years younger than my spouse. He retired at 61 and just took Social Security at 62. I left my full time job at the ...

A 401(k) is an employer-sponsored, tax-advantaged retirement plan. You fund this account by contributing a set percentage of your paycheck into the account. One of the biggest perks of a 401(k) plan ...

Saving for retirement is one of the most important things you can do with your money. Social Security only replaces around 40% of your pre-retirement income, and since a 60% cut in income means you ...