That’s because of the required minimum distribution (RMD) law. Once you reach a certain age, you’re required to withdraw a ...

Early withdrawals can shrink your 401(k) savings. See how to calculate the IRS 10% penalty, and learn about exceptions, SECURE 2.0 updates, and penalty‑free alternatives.

Nearly seven percent of retirees fail to take their required minimum distributions from retirement accounts each year, a ...

This new rule will give families more flexibility by allowing some people to tap into their retirement savings early without the usual penalty, to help cover the cost of long-term medical care even ...

Some people will spend decades saving and investing for retirement, only to discover that they missed a step along the way. That commonly "missed" step? Devising their plan for decumulation − in other ...

A large portion of employees withdraw their entire 401(k) balance when they leave a job rather than rolling it over to their new employer or another account, Vanguard found.

But keep in mind that you can't keep all that money in there forever. The IRS requires you to begin withdrawing money from ...

Missing required minimum distributions can lead to large tax penalties.

Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your ...

It’s unclear whether the president could remove penalties for retirement account withdrawal without congressional support ...