What happens when you reach 55? For many, this watershed year marks their buyout or downsizing of a company — meaning retirement. But, Postpandemically, could you survive? If you are... What happens ...

With a 401(k), you could face an early withdrawal penalty for removing funds before turning 59 1/2. Under certain circumstances, you can access your 401(k) penalty-free at age 55. Make sure you know ...

To help you figure out the right age for you, we put together a checklist of questions you should ask yourself before retiring. The checklist covers everything from money to emotions and helps you ...

Saving for retirement in a 401(k) comes with several valuable advantages. Your contributions are made with pre-tax dollars, which lowers the amount of income you are taxed on. In addition, the ...

The more you’re able to save for retirement, the more comfortable your senior years might be. Fidelity reports that as of the ...

See how your wealth compares with other Americans in their mid-50s to mid-60s, including median net worth, retirement savings, and debt, based on the latest Fed data.

The couple has $3M in savings plus $85K in annual teacher pensions that together exceed their projected spending needs. Upcoming major expenses include a $300K home upgrade and two weddings but their ...

Forbes contributors publish independent expert analyses and insights. Host of the Retire Sooner podcast and CFP™ practitioner. Happiness may be subjective, but with multiple studies suggesting ...

As of 2025, the average 401(k) balance for Americans in their 50s is around 490,000 dollars. That means a 54-year-old with 4 million dollars saved is far beyond the national average, close to eight ...

It's important that you invest throughout your working life to build the nest egg you need to cover retirement costs. By age 60, you're only a few years away from retirement so you should have a lot ...