More Americans tapping 401(k)s to pay for financial emergencies
Generally, workers have to wait until they are 59 1/2 ( or 55 in certain cases ) to take 401 (k) distributions penalty-free. So, those who take a hardship withdrawal before 59 1/2 have to pay a 10 ...
Here’s the withdrawal rate American retirees need to be using in 2025, according to new report — and it’s shockingly low
A new report from Morningstar recommends the safe withdrawal rate for retirees in 2025 is a mere 3.7% — a significant ...
How to Avoid Outliving Your Retirement Savings? It’s All in the Sequence
Retirees who avoid investment losses in the first five years of retirement are much less likely to outlive their savings.