Understand the consequences of withdrawing money from a 401(k) or IRA retirement account for emergencies and create a plan to ...

One nice thing about Roth IRAs, as opposed to traditional IRAs, is that you're not forced to take required minimum ...

For many people, their biggest stash of savings is hidden away in tax-advantaged retirement plans, such as an IRA or 401(k).

Retirement expert Denise Appleby shares common pitfalls and real-life examples for IRAs, required minimum distributions, and ...

Key Points Roth IRA contributions can be withdrawn anytime without taxes or penalties. Converted Roth IRA funds are tax- and penalty-free after five years from Jan. 1 of the year of the conversion.

Qualified Reasons To Take Money Out Of An IRA Or 401k There are certain reasons that you can take money out of an IRA without paying a penalty (see IRS page here). These are the common situations.

However, if you withdraw money from a 401 (k) before the plan’s normal retirement age or from an IRA before turning 59 ½, you’ll pay an additional 10 percent in income tax as a penalty. But ...

A taxpayer whose individual retirement account was paid to the government under a criminal court order did not have taxable ...

A Roth IRA conversion ladder is a multiyear strategy that allows you to tap your retirement account without penalty before reaching age 59½. When you do a Roth IRA conversion, you must wait at ...

Are you curious to know how your balance compares to the average today? Fidelity has fresh data on IRA balances. But you may not like what you see.

Drawing money from the IRA to pay the tax will result in an additional tax bill, and a penalty if you're under age 59-1/2. Before you jump into a Roth conversion, make sure you understand the ...