Early 401(k) withdrawals are those you make under age 59 1/2 without a qualifying reason. You'll pay a 10% early withdrawal penalty on top of ordinary income taxes. Consider early 401(k) withdrawals ...

Traditional 401(k)s give you a tax break today, but require you to pay taxes on your withdrawals later. Roth 401(k)s don't have an upfront tax break, but allow for tax-free withdrawals in retirement.

A Roth IRA is one of the most powerful ways to build tax-free income for retirement, but understanding the Roth IRA withdrawal rules is what keeps those benefits intact. The short answer: you can ...

An early withdrawal penalty is a penalty incurred when withdrawing funds from a retirement account before a certain point in time. Early withdrawal penalties typically apply to retirement accounts or ...

For many of us, retirement may seem far away. However, if you ask people who have already retired, many of them will tell you just how fast it can creep up on you. That's why it's important to begin ...

When it comes to saving and investing for retirement, there aren't many better routes than utilizing retirement accounts. The most popular option is a 401(k), but it's not the only viable option. IRAs ...

Roth IRAs tend to be a popular choice because they offer a number of big benefits. Your investment gains are yours to enjoy tax-free, and withdrawals are tax-free in retirement. Roth IRA also don't ...