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 ...

Roth conversion strategies for tax efficiency, preservation portfolios, and lifestyle tips for well-being—read now.

Editor’s note: "The Rule of 55" is part eight of an ongoing series focused on how to retire early and the FIRE (Financial Independence, Retire Early) movement. Part One is How to Retire Early in Six ...

Discover how 401(k) balances in your 40s and 50s stack up and learn smart strategies to grow savings, such as catch-up ...

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 ...