401(k) withdrawals after age 59½. Once you reach 59½, you can take distributions from your 401(k) plan without being subject to the 10% penalty. However, that doesn’t mean there are no ...

Early withdrawals from your 401(k) plan usually incur penalties and taxes. Learn how to avoid additional taxation and the 10% when withdrawing early.

If you withdraw from a 401(k) before age 59½, you may face a 10% early withdrawal penalty on top of other taxes. The IRS allows for hardship withdrawals that usually are not subject to the 10% ...

Once you reach age 59.5, you may withdraw money from your 401(k) penalty-free. If you tap into it beforehand, you may face a 10% penalty tax on the withdrawal in addition to income tax that you ...

If you withdraw money from a 401(k) before age 59½, you may incur an additional 10% penalty. Learn the rules for hardship withdrawals and exceptions to the penalty.

Required Minimum Distributions – technically this one is covered by #1 above for most circumstances, but sometimes RMD is required of a person who has inherited a 401k, regardless of age. 5.

Forgetting to take your first RMD by April 1 in the year after you turn 73 can result in a significant tax penalty. “If you ...

You can also withdraw money penalty-free from a 401(k) at a job you left at or after age 55, or age 50 for certain government workers. Finally, you can avoid the penalty by setting up a series of ...

Domestic Abuse Victims under the age of 59 1/2 qualify for a hardship withdrawal of up to $10,000 from 401-K accounts that will waive the 10% early withdrawal penalty.

Many of today's retirees are trapped, waiting for the golden age of 59.5 before they can access their hard-earned retirement savings. What those retirees don't know is that there may be a way ...

Most people enter retirement without any idea how to manage withdrawing their savings without running out of money. Here is ...