Across the 2024-25 financial year as a whole, the number of people withdrawing lump sums was up 29% compared with 2023-24.

Confused about where your retirement income will come from? Learn the optimal withdrawal order for your taxable, tax-deferred and tax-free accounts to minimize taxes and maximize your retirement ...

Taking a lump sum from your pension can be a fantastic way to pay off your mortgage, help out the kids or boost your savings. But understanding the rules is crucial if you want to make the most of ...

When times are tough and household budgets are under severe strain, taking cash out of your 401(k) plan can provide some relief. However, it’s best to be cautious, as there are specific rules related ...

Let's start with the obvious: How a person withdraws money from their retirement portfolio matters. If thoughtfully executed, portfolio withdrawals need not capsize a retirement portfolio. But that ...

Early withdrawals are generally subject to a 10% penalty, in addition to normal income taxes. But there are lots of exceptions—including some new ones. Here’s the latest. One source Americans consider ...

A recent survey found that 40% of employees report making early withdrawals from their retirement accounts. Financial emergencies happen, but there are options you should consider, experts said.

As you transition from earning a paycheck to living off your portfolio, choosing the right withdrawal strategy is crucial. While there's no one-size-fits-all approach, understanding various methods ...

Planning for a sustainable income from retirement investments can be complex. I've identified 10 primary variables, or "linchpins," which must be considered to develop a complete withdrawal plan. Of ...

After decades of squirreling away money for retirement, there comes a time when retirees must start withdrawing money from their accounts. Drawing down 401(k), IRA and other assets earmarked for ...