Early retirement distributions are an IRS red flag. The agency wants to make sure that individuals are properly reporting distributions from IRAs and qualified employer plans, such as 401(k)s, that ...

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 ...

Qualified distributions are allowed at age 59½, but an exception may allow you to make a penalty-free withdrawal Fact checked by Betsy Petrick Reviewed by David Kindness Employer-sponsored 401(k) ...

Tapping a 401(k) before age 59 and 1/2 usually results in an early withdrawal penalty. A special rule might allow you to access your 401(k) without a penalty at 55. It’s important to know how this ...

A plan proposing penalty-free withdrawals from 401(k)s for home buying is fraught with risks, warn financial advisors, citing a psychological shift in how people will perceive their retirement ...

There's a rule that allows you to take $1,000 out in the event of an emergency from your 401(k) with no penalty.

You've spent decades contributing to a tax-advantaged retirement savings account. Now, for one reason or another, you want to withdraw your money. Maybe a medical issue has pushed you into early ...

Forbes contributors publish independent expert analyses and insights. Host of the Retire Sooner podcast and CFP™ practitioner. Many investors gain penalty-free access to retirement accounts at age 59½ ...

The new rule will let you take up to $2,600 yearly from your 401(k) to pay for qualified long-term care insurance premiums without paying a 10% early withdrawal penalty if you're under age 59½. The ...