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 ...

Retiring early with a 401(k) requires understanding how to access funds before the standard retirement age without triggering heavy penalties. This involves leveraging strategies like Rule 72(t) ...

A 54-year-old with $4M in a 401(k) has eight times the average balance for people in their 50s. The rule of 55 allows penalty-free 401(k) withdrawals if you leave your job in the year you turn 55 or ...

Saving for retirement in a 401(k) comes with several valuable advantages. Your contributions are made with pre-tax dollars, which lowers the amount of income you are taxed on. In addition, the ...