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.

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 ...

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 ...

A SIMPLE 401(k) is a retirement savings account offered by small business employers with 100 or fewer employees. The SIMPLE 401(k) works just like a regular 401(k) plan, combining it with the ...

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.

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 ...

Market volatility is shaking things up in many investment portfolios. The good news is that retirement investors with long time horizons are among the best positioned for dealing with choppy markets.

Like rollovers from traditional accounts under employer plans, rollovers from Roth 401(k)s must include only eligible amounts. Amounts not eligible for rollover include: Hardship withdrawals.

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 ...