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.

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 ...

To avoid situations where someone doesn't make any withdrawals so they don't ever have to pay taxes, the IRS enacts required minimum distributions (RMDs), which begin the year you turn 73. The exact ...

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 ...

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 ...

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 ...

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 ...