Qualified distributions are allowed at age 59½, but an exception may allow you to make a penalty-free withdrawal Claire Boyte-White is the lead writer for NapkinFinance.com, co-author of I Am Net ...

There are often penalties attached to taking early withdrawals from retirement accounts, but there are also some exceptions.

Avoid early withdrawals from retirement accounts, such as IRAs and 401(k)s, which incur tax penalties. Consider taking some ...

The IRS considers withdrawals before age 59½ to be “early distributions,” which may come with additional costs (IRS). In this guide, you’ll learn when and how you can withdraw from your 401(k), how ...

Quick Read Public safety employees separating at age 50+ avoid $33,250 penalty on $700,000 accounts via IRC §72(t)(10). Do ...

Dipping into your 401(k) before age 59½ usually means penalties, taxes and lost earnings. But there are some exceptions.

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 ...

If you work for a state government, city, county, school district, or public university, you likely have access to a ...

A 55-year-old anesthesiologist clearing $450,000 a year decides she is done with hospital call schedules. She wants to ...

Withdrawing money from your 401(k) early can result in taxes and penalties, but can also lead to a loss of investment growth. Employer-sponsored 401(k) plans allow employees to save a portion of their ...