Tag Archive for: tax penalties

New Retirement Account Rules Make It Easier To Tap Savings Early For Emergencies

President Joe Biden is poised to sign a $1.7 trillion bill that amends rules related to so-called hardship distributions from 401(k) plans. The measures are tucked into “Secure 2.0,” a collection of retirement reforms attached to the overall legislative package, which will fund the federal government for the rest of the fiscal year through next September. CLICK ON THE HEADLINE FOR MORE

Annuity Options May Be Coming To Your 401(k). Here’s Why

Despite bipartisan support, the Secure Act has idled in the Senate. But if the retirement legislation whose main goal is to expand access to retirement savings becomes law, your 401(k) plan might have a new look. .CLICK ON THE HEADLINE FOR MORE

Three Bad IRA Mistakes You Can Avoid

The money you save by avoiding IRA mistakes can make a big difference in your security and standard of living in retirement. CLICK ON THE HEADLINE FOR THREE BAD ONES TO AVOID