Qualified distributions are allowed at age 59½, but an exception may allow you to make a penalty-free withdrawal ...

How you take a distribution can greatly impact your taxes ...

An orthopedic surgeon retiring at 58 faces a specific problem: a 19-month gap between their last paycheck and age 59½, when ...

A SEPP plan allows you to withdraw from a 401(k) or traditional IRA before age 59 1/2 without paying a 10% penalty. Here's ...

Early retirement distributions are an IRS red flag. The agency wants to make sure that individuals are properly reporting distributions from IRAs and qualified employer plans, such as 401(k)s, that ...

So, you’ve done a good job of saving for retirement and have a nice balance in your retirement account. Then a problem comes up and you are unable to pay a rather large financial obligation. There ...

When struggling with debt, it's tempting to use your retirement savings to help pay off outstanding balances. However, there may be penalties, taxes and other drawbacks. Before using your 401(k) ...

Close-up of a smartphone displaying an IRS webpage about 401(k) plans next to a pen and printed documents - Tada Images/Shutterstock Designed as a vehicle for retirement savings, 401(k)s were never ...

If you have a 401(k) and a lot of outstanding bills or a surprise expense, you may be considering raiding your account. According to a 2025 Vanguard report, early 401(k) withdrawals have reached an ...

Be sure you understand the tax consequences before making the change Cathy Pareto, MBA and CFP®, is the founder and president of Cathy Pareto & Associates Inc. For more than twenty years, Cathy has ...