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 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.

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 average balance for the so-called 401(k) “millionaires” came to $1,580,000, up from $1,551,300 in the fourth quarter, a Fidelity spokesperson said. There is no secret sauce for how a 401(k ...

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 ...

After the stock market plunged Thursday and Friday following President Trump's newest announced tariffs, many Americans are seeing their retirement savings, particularly in 401(k) plans ...

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 ...