brusinski from Getty Images Signature and towfiqu barbhuiya Key Points A 54-year-old with $4M in a 401(k) has eight times the average balance for people in their 50s. The rule of 55 allows penalty-free 401(k) withdrawals if you leave your job in the year you turn 55 or later. The rule of 55 only applies to your current employer’s 401(k). Old accounts from previous employers still trigger penalties. If you’re thinking about retiring or know someone who is, there are three quick questions causing ma ...

Millennials have an average of $67,300 in their 401(k)s—but is that enough? Here's how your savings stack up and what you can do to close the gap. https://t.co/JIDASDo1db ...

401(k) regulations allow the employer to determine, to a certain extent, what is defined as eligible pay for contributions to the plan. https://t.co/LDUH4R0NKH ...

The average American contributes a percentage of their paycheck to their 401(k). Here's how your savings rate compares. https://t.co/rvIDUmUxJE ...

Highly compensated employees can face income limits for 401(k)s. Learn when these income limits apply and to whom they apply. https://t.co/Odz59jRqur ...

Learn how to convert your 401(k) to a Roth IRA—understand tax implications, MAGI effects, the 5-year rule, and smart strategies to minimize your tax hit. https://t.co/agQjfUPYMC ...

Early withdrawals from your 401(k) may ease today’s cash crunch, but taxes, penalties, and lost compound gains can cost you tens of thousands in the long run. https://t.co/CeD3rAWG00 ...

A Hidden 401(k) Rule That Could Cut Your Taxes Big-Time https://t.co/ffO43bwdLj ...

Tax Implications - Converting funds from a traditional IRA or 401(k) to a Roth IRA incurs income taxes ranging from 10% to 37%, depending on the individual's income tax rate [1]

Retirement Savings - The average 401(k) balance for individuals in their 60s reached $568,040 as of June 2025 [1] - The median 401(k) balance for individuals in their 60s was significantly lower, at $188,792 as of June 2025 [1] Financial Planning - The report suggests strategies for individuals in their 60s to improve their retirement savings if they are below their desired level [1]