Financial advice professionals have used the 4% rule as a benchmark for advising their clients in scheduling their retirement ...

As many as 7% of retirees aren't taking required withdrawals from their accounts, a mistake that can be costly. Luckily, ...

Fortunately, there are many exceptions to the 10% penalty on early retirement distributions. Some apply to both IRAs and 401 ...

On the other hand, if you have a chronic illness and don’t expect to live into your 90s, you could consider a higher rate.

One way to mitigate this issue is to keep some portion of your portfolio in cash or short-term bonds to meet short-term needs. You can rely on this cash buffer when the market is down, your ...

When times are tough and household budgets are under severe strain, taking cash out of your 401(k) plan can provide some relief. However, it’s best to be cautious, as there are specific rules related ...

Some people will spend decades saving and investing for retirement, only to discover that they missed a step along the way. That commonly "missed" step? Devising their plan for decumulation − in other ...

Discover how Roth 401(k) accounts are taxed, emphasizing tax-free withdrawals in retirement and upfront tax payments. Learn ...

One of the more underrated retirement strategies you can consider today is the Health Savings Account. Essentially, a ...

When it comes to spending in retirement, financial advisers and investment experts have long clung to the golden 4% rule as ...

If you’re planning for retirement, it’s easy to get sucked into focusing on the “magic number” you think you’ll need to finally stop working and live comfortably. In fact, you could spend so much time ...