If you’ve been saving for retirement, you’ve probably wondered: when can I actually take money out of my 401(k) without paying penalties? The IRS has very specific 401(k) withdrawal rules, and ...

Because annuities are designed to provide long-term income, accessing funds too early can trigger an annuity early withdrawal penalty. Insurance companies typically impose surrender charges if you ...

During challenging financial times, people often consider withdrawing money from their 401(k) plans. Balances in 401(k) plans are deceiving. They are not like checking accounts where what you see is ...

You've spent decades contributing to a tax-advantaged retirement savings account. Now, for one reason or another, you want to withdraw your money. Maybe a medical issue has pushed you into early ...

Every week, Allworth Financial's Steve Hruby, CFP®, and Bob Sponseller, ChFC®, answer your questions. If you, a friend, or someone in your family has a money issue or problem, feel free to send those ...

Early withdrawals from a traditional IRA will result in a 10% penalty and taxes owed on the withdrawn amount. You can withdraw contributions, but not earnings, from a Roth IRA at any time without ...

There's usually a 10% early withdrawal penalty if you take money out of your 401(k) under age 59 1/2. The Rule of 55 lets you take funds from your most recent employer's 401(k) without penalty if you ...

Forbes contributors publish independent expert analyses and insights. Host of the Retire Sooner podcast and CFP™ practitioner. Many investors gain penalty-free access to retirement accounts at age 59½ ...

Adults 50 and older are allowed to save much more than their younger counterparts in their retirement accounts. The Rule of 55 helps you skirt the 10% early withdrawal penalty on your 401(k) from your ...

Adam Palasciano is a writer over three years of experience writing about personal finance, investing, student loans, and more, for outlets like GOBankingRates, FinanceBuzz, The Penny Hoarder, and Wall ...

IRAs are tax-advantaged accounts that the government has strict rules for. Withdrawals made before age 59 1/2 typically have a 10% early withdrawal penalty. Explore all the possible strategies you can ...