A 401(k) is a tax-advantaged retirement account offered through employee benefits. Learn more about how it works here.

A 401(k), an employer-sponsored retirement plan with tax benefits, is one of the most popular ways Americans save for their ...

“ 401 (k) administrators also have an obligation to regularly review the funds they’re offering in the plan, so if any funds ...

You can withdraw from a 401(k) anytime. But withdrawals before age 59½ can mean a 10% penalty, except for certain emergencies ...

Most people have access to a workplace retirement plan, but not everyone is taking full advantage of it. A unique aspect of ...

Based on Vanguard's How Americans Save 2024 report, the average 401 (k) balance for someone aged 35 to 44 is $91,281. The ...

“Automatically enrolling helps with that ‘nudge’ to help workers start to save and invest ... Approximately 62% of businesses that offer 401(k) plans have automatic enrollment policies.

but there are instances when it makes sense to keep your money in the 401(k) plan. If you are age 59 1/2 or older, you can start taking withdrawals from your 401(k) without triggering the early ...

Think of it this way: a 401 (k) match is essentially free money your employer sets aside specifically for your retirement.

Parsing the benefits of a pension vs 401(k) plan can be challenging, as these income-replacement vehicles are two very different animals. A pension is a regular, predictable, and guaranteed ...

You can start taking money from your 401 (k) penalty-free at age 59 ½. So you shouldn't be penalized if you are 60 and ...

"There are very, very few individuals starting in a job with a pension," McGrath says. Fortunately, the smart use of a 401(k) plan can provide benefits that make for a comfortable retirement.