Fidelity recommends putting aside three times your annual income by age 40. Here's how to get the most out of your savings to ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's passed by Congress.

You may retire from work, but you'll never quite retire from paying taxes. How much you'll pay once you retire depends on the ...

Where you live during your golden years can make a measurable -- but likely not life-changing -- difference in your net ...

If the OP exhausts all other options and has no choice but to take funds from his 401 (k), then he can expect to be hit with a 10% early withdrawal penalty, and will also be taxed on the ...

A Reddit user is thinking of taking money out of his 401(k) after a layoff. Other posters suggested he avoid the early withdrawal by making sure he and his wife are signed up for the benefits they ...

Workers in their 50s have kept contributions steady, but many still fall short of recommended retirement savings targets ...

President Trump repeatedly stated that he wanted to end Social Security benefit taxes, but that's not what the OBBB does.

Navigating taxes in retirement can be challenging. Your tax situation may differ from your working years due to income and ...

Employer-sponsored plans, such as 401(k) accounts and IRAs, have an annual cap on contributions. If you are unable to max out your tax-advantaged plans, aim to save 15% to 20% of your income for ...

Stagger conversions Money taken from a pre-tax account like a 401 (k), 403 (b), 457 (b), Solo 401 (k), or Traditional SEP IRA will be taxed in the year the withdrawal is made.

More than one-third of Fidelity plans now auto-enroll employees in 401 (k)s at a contribution rate of 5% or higher. “Unless a new hire takes action, they’re going to be saving for the plan ...