Taking a withdrawal from a 401 (k) before age 59 and 1/2 typically results in a 10% penalty. If you leave your job at 55 or later, you may be able to take earlier 401 (k) withdrawals penalty-free.

You're allowed to take substantially equal periodic payments (SEPPs) from your retirement accounts, regardless of your age.

Once you hit 73, it’s time to start withdrawing money from your tax-deferred retirement accounts, whether it’s a 401(k), IRA, ...

Generally, you should only make 401(k) withdrawals as you enter retirement, but there are certain situations in which you may do so earlier in life. Generally, withdrawing money from a 401(k) can take ...

Your spouse’s employer plan may force you into withdrawals sooner than you think. Here’s what you need to know.

Most retirees know that at some point they’re going to start moving money out of their 401(k) plans. But not everybody thinks about how that happens, or how many ways there are to do it. Or which ones ...

If you have an IRA or 401(k), you may have to start taking distributions once you turn 73. The amount you need to withdraw depends on your age and how much money you have. The calculation process is ...

The tax implications of retirement savings withdrawals can be complex, but understanding a few basic principles can help retirees avoid costly mistakes. Having a well-considered retirement withdrawal ...

After decades of squirreling away money for retirement, there comes a time when retirees must start withdrawing money from their accounts. Drawing down 401(k), IRA and other assets earmarked for ...

Tax-deferred retirement accounts are a necessary source of income for seniors looking to age in place. But it can be confusing to navigate the options for taking the required minimum distributions ...

According to a 2024 research report, $595 billion was rolled over from employer plans to traditional IRAs in 2020. That report also stated that 62% of US households—or 25 million—with IRAs rolled over ...