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

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

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 ...

Turning 65 used to mean a hard stop at work and a simple rule of thumb for tapping savings. Today, retirements stretch longer ...

Using 401 (k) Funds Under current law, access to retirement savings before age 59½ is deliberately restricted. Early withdrawals from 401 (k) plans generally trigger a 10% penalty on top of ordinary ...

For a 65-year-old staring at a lifetime of paychecks replaced by portfolio statements, the central question is not just "Did ...

Millions of taxpayers qualify for an IRS retirement tax credit yet never claim it. The Savers Credit can reduce federal taxes by up to 50 percent. Income limits expand in 2025. Eligible workers ...

A new bill would allow workers 50 and older to roll over 401(k) funds into annuities and simplify 401(k) rollover information ...

Several IRS changes take effect in 2026, including higher retirement contribution limits, tax adjustments, and more. Here's ...

There are limited exceptions. Taxpayers may withdraw up to $10,000 penalty-free from an IRA for a first-time home purchase, though income taxes still apply. That exception does not extend to 401 (k) ...

For a vehicle with an annual contribution limit of just $7,500 ($8,600 for those over 50), investors sure have a lot riding ...

Thirteen U.S. states do not tax retirement income in 2026, offering major savings for retirees. Nine states have no income ...