Quick Read Withdrawing from a 401(k) before age 59.5 triggers a 10% penalty plus income tax on the distribution. The median U ...

Discover the benefits and drawbacks of using your 401(k) to pay off your mortgage, including tax implications, retirement savings impact, and interest savings.

One of the most attractive features of a 401(k) plan is that you can contribute pretax dollars throughout your career. This reduces your taxable income and allows you to contribute more to your ...

A 401 (k) is a great option because it largely operates behind the scenes and allows people to save and invest for retirement ...

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 ...

Matt Danielsson has 21+ years of writing experience and 7+ years as a financial advisor. He is the founder of Danielsson Enterprise. Marguerita is a Certified Financial Planner (CFP), Chartered ...

When facing a financial emergency, accessing money in a 401(k) plan can feel a bit like being stranded at sea: surrounded by water, yet unable to take a drink. Your money is there, it’s just not ...

Being advised to max out your 401(k)is Personal Finance 101. But is that universally solid guidance? Tax-sheltered retirement plans offer the convenience of automatic investments and tax breaks—pretax ...

They are powerful. But they are not automatic. Employer match should come first. Debt and emergency savings still matter.

Being advised to max out your 401(k)is Personal Finance 101. But is that universally solid guidance? Tax-sheltered retirement plans offer the convenience of automatic investments and tax breaks—pretax ...