New rules from the IRS will take away a popular retirement tax break from some of the workforce’s higher earners. Starting in ...

There are pros and cons to withdrawing from your 401K in a pinch. Learn more about the pros and cons, penalties, and rules in ...

A Roth IRA gives you tax-free growth and withdrawals in retirement. Take money out too soon, however, and you'll face income ...

Another approach to guilt-free spending in retirement is the spend the gains rule, says Gates. With this strategy, if your ...

EPFO officials are working on a proposal to relax the withdrawal rules so that the investors can use their savings for a ...

New IRS regulations are changing 401(k) catch-up contribution rules for workers aged 50-plus who earn over $145,000 by mandating after-tax Roth contributions starting in 2026.

A traditional 401 (k) used to be the standard for retirement savings, but the Roth 401 (k) has surged in popularity in recent ...

The SECURE 2.0 Act is built on original 2019 legislation and includes more than 90 provisions designed to expand retirement ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Conventional wisdom dictates that you save in a 401(k) now and pay taxes later, but turning that rule on its head could leave you far better off. A financial planner explains why.