Now that you’re finally taking withdrawals from that 401(k) you’ve been contributing to for decades, how are 401(k) withdrawals taxed? Withdrawals—distributions, in retirement-plan speak—require you to pay taxes on what…
How Much Should I Have in My 401(k) at 50? Most Americans have less in their retirement accounts than they’d like, and much less than the rules say they should…
The market was so bad last year that the share of investors with at least $1 million in their 401(k)s and IRAs shrunk by nearly 30% compared to 2021, according…
Cumberland, Rhode Island — Maryann O’Connor is juggling two jobs, sometimes working up to 11 hours per day, not what she expected to be doing at age 66. “I would…
The importance of preparing emotionally for retirement – CBS News Watch CBS News Millions of Americans are retiring every day, and some experts say it’s just as important to prepare…
I am 73 years old and still employed full time. I will receive no retirement benefits when I leave my job except for a 401(k). My question is: what is…
I am a 61-year-old female who has worked for the same financial institution since the age of 16. I will have 50 years at the company if I retire at…
Saving for retirement requires looking at the big picture, but it can be dispiriting when your 401(k) or other retirement plan takes a beating — a common plight for American…
New York CNN — Despite higher prices, endless talk of a possible recession and falling markets, 401(k) participants managed to keep their savings rates relatively steady in the fourth quarter…
Despite the fact that it’s funded with after-tax dollars, a Roth 401(k) account is not immune to taxes and potential penalties if you don’t know how rules surrounding withdrawals. Understanding…