A 401(k) plan is a tax-advantaged retirement account offered by many employers. There are two basic types—traditional and ...

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 ...

Forbes contributors publish independent expert analyses and insights. Cicely Jones simplifies financial concepts for young professionals. If you are employed at a company offering a 401(k), you’ve ...

Early withdrawals can shrink your 401(k) savings. See how to calculate the IRS 10% penalty, and learn about exceptions, SECURE 2.0 updates, and penalty‑free alternatives.

The 401(k) retirement savings plan is undergoing changes in 2025 aimed at enhancing retirement savings opportunities for many Americans, particularly older workers. The new rules include higher ...

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 ...

When you make contributions to your 401 (k), the funds that you put into your account are vested immediately and are yours to ...

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.