Answer: You're correct. Normally, someone must be at least age 59 ½ to make penalty-free 401 (k) withdrawals. But there's a ...

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 ...

For most of your working career, the focus of your retirement planning is on accumulating savings and investing that money ...

Wondering if you're behind on retirement savings? Compare 15 key signs to see how prepared you really are, and where you stand compared to other Americans.

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

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

Retiring at 60 with $1.5 million sounds comfortable until you realize Medicare doesn’t begin until 65. That five-year gap ...

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

Financial wake-up calls after 55 can feel intimidating, but they’re also a chance to take control and make intentional ...

For Americans ages 45 to 54, the median 401(k) balance is just $67,769 according to Vanguard’s How America Saves Report. This ...

Retiring at 55 with $490,000 saved and an $80,000 salary is not a fantasy, but the numbers are tighter than many people ...