#401(k)

2 articles tagged with "401(k)"

Should You Use Your 401(k) to Help Pay Off Your Mother's Credit Card Debt?

Considering whether to withdraw from retirement savings to assist a parent with significant debt raises important financial questions.

Editorial Staff 16 days ago

World North America

Navigating the Complexities of Inheriting a 401(k) to Avoid IRS Penalties

Inheriting a 401(k) from a deceased parent can lead to a 25% IRS penalty if withdrawal rules are not adhered to. Understanding these rules is essential.

Editorial Staff about 2 months ago