Saving for retirement can be confusing. You probably know that having a 401(k) is advisable, but if your eyes glaze over when presented with financial jargon, you’re not alone. Whether you already ...

Borrowing from your 401(k) might sound appealing when you need quick cash. After all, the typical 401(k) loan interest rate is low — usually the prime rate plus 1%, and you’re essentially paying ...

Many U.S. workers are not saving enough for retirement, even though higher savings can lead to a safer future. Only a small group manages to reach yearly 401(k) limits. Experts say saving early, using ...

Forbes contributors publish independent expert analyses and insights. If you are a business owner who wants to maximize your tax savings on your 2024 income, check out the Solo 401(k) and the related ...

For many years the best action to take with a 401(k) account when leaving an employer was to roll over the account to an IRA. The rollover has been the most frequent IRA transaction, and rollover ...

A U.S. Government Accountability Office study reported that 41% of American workers are unaware that 401(k) plans carry fees. Yet these fees can cost a workers thousands (and thousands) of dollars ...

Like rollovers from traditional accounts under employer plans, rollovers from Roth 401(k)s must include only eligible amounts. Amounts not eligible for rollover include: Hardship withdrawals.

To avoid being taxed twice, notify your plan administrator and have excess contributions removed before tax day. Many, or all, of the products featured on this page are from our advertising partners ...

Kristina Byas is contributor at Investopedia. As a personal finance expert, she has lent her insights and knowledge to numerous financial publications. Her articles have helped readers navigate the ...