Understand the consequences of withdrawing money from a 401(k) or IRA retirement account for emergencies and create a plan to recover financially as quickly as possible.

The market's recent rebound and current bullishness is giving some retirees good reason to make these withdrawals as soon as ...

Financial literacy is vital—but discipline is the real key to wealth. Knowing isn’t enough if emotion overrides action under ...

A Roth IRA can be a great way to save for retirement, as the accounts have no required minimum distributions and you can ...

Another thing you lose if you take money out of a Roth IRA is the benefit of tax diversification, Buhrmann said. Diversification means “establishing various buckets of assets” he explained, ...

Experts explained when you might want to do such a thing, and when it’s probably a bad idea. Is It Good Debt or Bad Debt? The first step is to figure out what kind of debt you’ll be carrying into ...

High-interest debt can feel like a dead weight. While it may be tempting to pull money out of a Roth IRA to pay off debt, is it a good idea?

If you're the surviving spouse and inherit a Roth IRA, you can treat it as your own and are not required to take a RMD. If you're a non-spouse, you must withdraw the full balance within 10 years ...

"In a Roth IRA, when you die and your kids inherit the Roth IRA, they can take it out as long as they want. They’re not subject to that 10 years." ...

The limit for a Roth IRA includes all your 401(k) and IRA accounts and is $7,000 per year, or $8,000 for those over 50 years old. The limit for a Roth 401(k) is much higher at $23,000 per year for ...