Commissions do not affect our editors' opinions or evaluations. A workplace 401(k) plan helps you save a substantial amount each year for retirement, but there are annual limits on contributions ...

You’ve got lots of options for planning your retirement paycheck. If you have a 401(k), you customarily leave your money at work in mutual funds or index funds, earning higher returns.

A list of selected affiliate partners is available here. A 401(k) is an employer-sponsored plan that allows workers to defer a portion of their income for retirement. When you leave a job ...

The 2025 401(k) contribution limit is $23,500, up from $23,000 in 2024. Savers 50 and older may contribute an additional $7,500, unchanged from 2024. Contributing as much as possible maximizes tax ...

Withdrawals from a 401(k) before age 59 1/2 can incur a 10% penalty plus income tax. Qualified distributions from a 401(k) are tax-advantaged after age 59 1/2 and mandatory starting at age 73.

Last year was a pretty good year if you were among the tens of millions of employees who put their savings to work in a 401(k) plan. Sure, strong returns on the S&P 500 helped. It rose nearly 25% ...

You may be able to convert your traditional 401(k) into a Roth 401(k) if your employer offers both types of plans. It boils down to when you want to pay taxes on your retirement savings ...

2024 401(k) elective deferral limit is $23,000, increasing to $23,500 in 2025. Adults 50+ can contribute up to $30,500 in 2024 and $31,000 in 2025, including catch-ups. Highly compensated ...