A hardship withdrawal allows you to take money out of your 401 (k) plan specifically to cover a dire financial need. This is ...

If you retire at 62, Fidelity recommends a 3.9% withdrawal rate (based on your initial retirement savings). Workers who retire at 65 can withdraw 4.2%, and those who retire at 67 can withdraw 4.5%.

Previously, RMDs were required for Roth 401 (k) accounts. However, now, due to SECURE 2.0, as with Roth IRAs, Roth 401 (k) accounts won't be subject to the RMD rules before the account holder dies.

Early withdrawals from 401 (k)s and IRAs before the age of 59 1/2 trigger a 10% tax penalty in addition to income tax owed. Each type of account has exceptions that allow penalty- and tax-free ...

The 401 (k) withdrawal snafu — the little-known hierarchy trap This obscure withdrawal protocol pertains to retirement plan rules that specify the order in which 401 (k) plans process ...