Browsing Tag
Withdrawal
10 posts
A 401(k) withdrawal is the process of taking money out of your retirement savings account. Withdrawals can be made before or after retirement, but early withdrawals (before age 59 1/2) may incur penalties and taxes. Hardship withdrawals, allowed under specific circumstances, may avoid penalties but still require income tax payments.
How Many Americans Have Taken a Retirement Account Early Withdrawal?
Only one-in-nine (11%) feel as though they are ahead in retirement saving
Personalized Income Solutions to Play Big Role in Retiree-Friendly 401(k) Plans
The defined contribution (DC) industry has made substantial strides in helping plan participants through the accumulation phase, but…
Episode 2: Chris Hogan—CARES Act or Not, Don’t Take Money from a 401(k)
Chris Hogan is a best-selling author, personal finance expert, and host of The Chris Hogan Show. A colleague…
Forgo 401(k) Early Withdrawal Penalty: WSJ
Calls for fiscal relief involving 401(k)s are growing louder, with The Wall Street Journal joining the American Retirement…
Grrr …Why Workers Take Early Withdrawals From 401(k)s
Don’t touch your retirement savings — don’t! It’s a message sent ad nauseum from 401(k), financial and just…
New Tech Tool Aims to Make 401(k) Savings Last a Lifetime
Guaranteed Lifetime Income helps retirees turn savings into steady paychecks, reducing fear of outliving money in retirement.
More Young Participants Committing 401(k) Faux Pas
They’re gonna regret it… Early withdrawals from 401(k)s and other retirement accounts are on the rise among younger…
New Product Allows 401k Participants to Save for Emergencies
For many, it’s one of those unfortunate facts of life: financial emergencies happen. How prepared are your plan…
Major Discrepancy Between Retirement Income Expectations Versus Reality
Not surprisingly, Americans have unrealistic expectations about how they will fund their retirement years, according to new research.…
Why 401(k) and Social Security Coordination is Critically Important
For years, many retirees have considered their 401(k)s untouchable until mandatory withdrawals kick in at age 70½. But…