Here's what to know about how this new rule works, and what to keep in mind before you start using your 401(k) like an ATM.

While this can seem appealing since you’re essentially paying interest to yourself, strict 401(k) payback rules must be followed to maintain compliance. Given the complexities and potential long ...

For high-income earners, another reason to transfer to a new 401(k) may be to keep the backdoor Roth IRA option available by sidestepping (legally) the IRA aggregation rule. As long as the fees ...

IF YOU ARE 60 YEARS OLD, NEW 401(K) RULES COULD SAVE YOU MONEY Similar to 401(k)s, average balances for two other popular retirement vehicles — IRAs and 403(b)s — saw small declines of 1% from ...

Rolling over a Roth 401(k) to a Roth IRA preserves tax-free withdrawals and opens more investment options. Contact your plan administrator for a trustee-to-trustee transfer to avoid tax issues ...

But keep in mind that the rule of 55 only applies to the retirement plan associated with your last job before retirement and not to any new plans associated with your new employer. Can I withdraw ...