Taxpayers are entitled to contribute a limited amount of pretax dollars to their 401 (k)s and IRAs each year, thereby reducing tax liability. To encourage those individuals to save the funds until ...

401-K plans are a form of deferred-tax retirement account ... Domestic Abuse Victims under the age of 59 1/2 qualify for a hardship withdrawal of up to $10,000 from 401-K accounts that will ...

Individuals facing a terminal illness can access their retirement funds penalty-free by obtaining the proper documentation ...

Early withdrawals from a 401(k) often incur a 10% early withdrawal penalty if you're under 59 1/2. Certain situations, like reaching age 55, leaving a job, having a disability or using funds for a ...

OK, so what happens if I need the money, Lisa, and I dip into an IRA or a 401k? Lisa Greene-Lewis: If you withdraw from your IRA or 401k, and you're younger than 59 and 1/2, you will incur an ...

For a 73-year-old with a $1 million balance in 2025, the minimum would be $37,736, which is less than the 4 percent rule-of-thumb withdrawal rate used in retirement planning. You can estimate your ...