24/7 Wall St. on MSN

If You Retire at 55, Here’s What You Need to Know About Accessing Your 401(k)

Key Points With a 401(k), you could face an early withdrawal penalty for removing funds before turning 59 1/2. Under certain ...
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401(k) Early Withdrawal Penalty Rules Explained

If you’re thinking about tapping into your retirement savings early, it’s crucial to understand how the 401(k) early withdrawal penalty works. Taking money out before age 59½ usually triggers a 10% ...
24/7 Wall St. on MSN

I’m 54 With No Retirement Savings Outside of My $4 Million 401(k), but I’m Ready to Retire. What’s My Move?

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. 24/7 Wall St. : Tapping a 401(k) before age 59 1/2 ...
The Motley Fool

Thinking About Taking a 401(k) Loan? 5 Things to Know First

A 401(k) loan could help you avoid the taxes and penalties that come with early 401(k) withdrawals. Employers have discretion about whether to allow 401(k) loans. A 401(k) loan may set your retirement ...

What Is the Required Minimum Distribution (RMD) for a $500,000 Retirement Account?

Required minimum distribution amounts are calculated by dividing a life expectancy factor into the relevant account balance from Dec. 31 of the preceding year. For instance, to calculate RMD amounts ...