Small 401(k) mistakes in your 70s can trigger taxes, penalties, and lost income. Here are nine common errors retirees should ...
Planning for retirement requires us to consider not only how to build wealth but how to protect it. Employers offer 401(k)s ...
This new rule will give families more flexibility by allowing some people to tap into their retirement savings early without the usual penalty, to help cover the cost of long-term medical care even ...
LEAWOOD, Kan., Jan. 9, 2018 /PRNewswire/ -- blooom, the robo-advisor making 401k help available, simple and affordable to millions of Americans, announced a new feature, Suspicious Activity Alerts, ...
Contributing to your 401(k) could help you grow your retirement savings from several tens of thousands to several millions of dollars. But with inflation running rampant in the economy, will that be ...
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 ...
During challenging financial times, people often consider withdrawing money from their 401(k) plans. Balances in 401(k) plans are deceiving. They are not like checking accounts where what you see is ...
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.
The average 401(k) balance for someone in their 60s was $568,040 as of June 2025. The median, though, was far less: $188,792.
You might think you already know all you need to know about how your 401(k) works. After all, the premise of such accounts is fairly straightforward: You elect to contribute a percentage of each of ...
A new report on retirement savings paints a worrisome picture: Fewer workers are saving, and only top earners are increasing their contributions from year to year. The analysis, released Nov. 18 by ...