Retirement Accounts
Are 401(k) Contributions Tax Deductible?
Wondering if 401(k) contributions are tax deductible? Learn how traditional and Roth 401(k) plans affect your taxes and how to maximize your retirement savings.
Retirement Advice
Live your best retirement life with insights, advice and education from Retirable.
Tagged “401 K”
20 articles
Retirement Accounts
How Are 401(k)’s Taxed When You Retire?
When you retire, taxes will come due on any money you take out of your traditional 401(k) account since it was put in pre-tax. Here’s what you need to know.
Lifestyle
Top Retirement Tips: Retirement Advice for All Ages
Whether you're in your 30s, 40s, 50s, 60s or beyond, we have the best tips to ensure you have the best possible retirement—no matter where you're starting from.
Retirement Accounts
How to Make a 401(k) Withdrawal and Avoid Penalties
How can you make a 401(k) early withdrawal? Learn how to avoid the 401(k) early withdrawal penalty by taking a qualified exception or hardship withdrawal.
Retirement Accounts
401(k) vs. Roth IRA
When it comes to retirement savings, the two most popular vehicles are the Roth IRA and Traditional 401(k), but it’s important to consider the very distinct differences.
Retirement Accounts
How 401(k) Matching Works
If your employer offers a 401(k), you can get a headstart on your retirement savings. Many employers will even match the amount you put in.
Retirement Accounts
Everything You Need To Know About Required Minimum Distributions (RMDs)
Discover how Required Minimum Distributions (RMDs) impact your retirement savings. Learn the rules for 401(k)s, IRAs, and 403(b)s to prepare for a financially secure future.
Retirement Accounts
What is a 401(k)? Choosing a 401(k) Retirement Plan
A 401(k) is a retirement savings plan that allows you to put aside a percentage of your salary into an investment account.
Retirement Accounts
Retirement Plan Options for the Self-Employed
Discover the best self-employed retirement plans, and their benefits, eligibility, and contribution options in this comprehensive guide.
Retirement Accounts
What is a Roth 401(k)?
A Roth 401(k) is like a Traditional 401(k), but the funds are put into your retirement savings account after taxes have already been taken out of them and in retirement they come out tax-free.
Retirement Accounts
How to Cash Out Your 401(k)
Cashing out a 401(k) can help you get through a financial tough time. But it’s important to understand the penalties and taxes before you make that decision.
Retirement Accounts
Secure Act 2.0: How a New 401(k) Retirement Bill Changes How You Save for Retirement
Read this summary of the Secure Act 2.0, a new 401k retirement bill that changes the starting age for RMDs, rules for QCDs, and much more.
Retirement Accounts
Defined-Benefit vs. Defined-Contribution Plan
Learn the differences between defined-benefit (also known as pensions) and defined-contribution retirement plans and which might be best for your future.
Retirement Accounts
Benefits of a 401(k) Rollover Before Retirement
See whether a 401(k) rollover into an IRA will be the right move to help with your retirement income planning.
Retirement Accounts
Best Retirement Plans 2021: 5 Types of Retirement Plans
With so many retirement plans available, it can be tough to choose one. But looking at the five different types can help narrow down the choices.
Retirement Accounts
Quitting Your Job with a 401(k)
Whether your termination is voluntary or involuntary, if you have a 401(k), you’ll need to make a decision. You have several options, each with pros and cons.
Retirement Accounts
Making a 401(k) Hardship Withdrawal
When other options fail, a withdrawal from your 401(k) plan could be a way out of a financial hardship. But hardship withdrawals come with fees and taxes.
Retirement Accounts
Should You Borrow From Your Retirement Savings to Buy a House?
Thinking about using your IRA or 401(k) to buy a house? You may be able to use those funds, but it often comes at a cost. Learn more before you withdraw.
Retirement Accounts
How To Save for Retirement in Your 50s
Learn how to save for retirement in your 50s. Saving for retirement in your fifties is made easier thanks to catch-up contributions for 401(k)s and IRAs. Read more.
Lifestyle
Paying Off Debt Versus Saving: What Pre-Retirees Need to Know
Learn more about how to prioritize which types of debt to pay off versus when and how to start putting an emergency fund in place before retirement.