Feb 20, 2024 · After years of diligently saving a portion of your paycheck to your 401 (k), you’re finally ready to retire. But what do you actually do with all the money in your account? How do …

Jan 28, 2022 · Manage Your 401 (k) When You Retire. If you are age 59 1/2 or older, you can start taking withdrawals from your 401 (k) without triggering the early withdrawal penalty. One …

Feb 1, 2023 · If your 401(k) doesn’t, consider rolling your savings over to an individual retirement account. See this quick-start guide on 401(k) rollovers for more on this process.

There are withdrawal rules to understand before taking any money out of your 401 (k), even after you retire. Here's what you need to know.

Jan 14, 2025 · If you’re a young retiree and need access to your money before the age of 59.5, staying put in the 401(k) plan may be the most practical course, even if the 401(k) isn’t all that …

Nov 6, 2024 · After you retire, the basic choices you'll have with your 401(k) are to keep the money in the plan, transfer your 401(k) money to another qualified retirement plan (such as an …

May 30, 2024 · To keep contributing after retirement, you’ll need to roll over your 401(k) into an individual retirement account (IRA) and have earned income that you can add to the account.

Jun 18, 2024 · If you retire and leave your company the year you turn 55, you might be able to withdraw from your 401(k) at 55 without a penalty, according to the IRS’ so-called Rule of 55. …

Mar 7, 2024 · Once you turn 59½, you’re able to begin making withdrawals from your 401 (k) without penalty. If you have a traditional 401 (k), you’ll need to pay income tax on the …

Jun 13, 2015 · After you retire, you have an important choice to make with your 401 (k) account. Here are the options available, along with the pros and cons of each so you can determine …