New 401(k) rules in 2026 could impact higher earners and taxes

There's a new rule coming to 401(k) catch-up contributions this year that affects higher earners. And it may also have an ...
FinanceBuzz on MSN

6 hidden tax traps lurking inside some 401(k)s in 2026

Workers should know about these six 401(k) tax rules that can affect how much they'll pay in taxes both now and in retirement ...

New 401(k) rules for 2026

The new change to catch-up contributions could mean you’ll have more taxable income in the next filing year. For ...

New 401(k) rule allows penalty-free withdrawals for long-term care before age 60

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 ...

401(k) Plans: What Are They, How They Work

A 401(k) plan is a tax-advantaged retirement account offered by many employers. There are two basic types—traditional and ...

How Much Is the Required Minimum Distribution (RMD) If You Have $1 Million in Your Retirement Account?

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

54-Year-Old With $4 Million in 401(k) Can Retire Early Using Rule of 55 Strategy

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 ...

Uncover the Retirement Statistic That Might Surpass Your 401(k) in Importance

The reality is sobering: The average 401 (k) balance of a Gen Xer is about $190,000, while the average balance for Boomers ...
The Motley Fool

What's the Unfortunate Truth About Maxing Out Your 401(k)?

401(k)s offer fewer investment options than IRAs. You typically can't withdraw your funds before age 59 1/2 without penalty. You may do better by spreading your money across several retirement ...
National Association of Plan Advisors

Case of the Week: Can a Canadian Client Roll a 401(k) into an IRA?

Responding to a call from a financial advisor in Idaho, the ERISA consultants at the Retirement Learning Center (RLC) address a question regarding Canadian residents with U.S. retirement assets, IRA ...