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2. 5 Reasons Not To Slow Down Even When Your Retirement Balance ...

   www.aol.com/5-reasons-not-slow-down-193701198.html

   Average balances reached highs not seen since 2021, with average IRA balances hitting $127,745. Average 401 (k) balances stretched upward to $125,900, boosted by record high contribution rates of ...

3. Record number of workers can call themselves 401(k ... - AOL

   www.aol.com/record-number-workers-call...

   The average 401 (k) retirement account balance hit $125,900 in the first quarter of 2024, up 6% from the fourth quarter last year, based on Fidelity data. The average was up 16% from the first ...

4. 401(k) withdrawal rules: What to know before cashing out ...

   www.aol.com/finance/what-are-401k-withdrawal...

   The minimum withdrawal age for a traditional 401 (k) is technically 59½. That’s the age that unlocks penalty-free withdrawals. You can withdraw money from your 401 (k) before 59½, but it’s ...

5. Substantially Equal Periodic Payments (SEPP), explained - AOL

   www.aol.com/finance/substantially-equal-periodic...

   If you’re looking to access your tax-advantaged retirement account before age 59 ½ without incurring a 10 percent penalty, you may be able to do that by setting up a substantially equal ...

6. How Can I Reduce My RMDs? - AOL

   www.aol.com/6-smart-strategies-reducing...

   For 2022, you can contribute up to 25% of your retirement account balance or $145,000, whichever is less. While you can defer taking payments until age 85, you can’t avoid them indefinitely. 6.

7. How to roll over your 401(k) in 5 easy steps

   www.aol.com/finance/roll-over-401-k-5-175006857.html

   Follow these five steps to get started on your 401 (k) rollover: Decide what kind of account you want. Decide where you want the money to go. Open your account and find out how to conduct a ...

8. A complete guide to 401(k) retirement plans: What is a ... - AOL

   www.aol.com/finance/complete-guide-401-k...

   Unlike traditional pension plans, in which the employer promises a specified monthly benefit at retirement, 401 (k) plans are funded by contributions deducted directly from the employee’s ...

9. What's the difference between a pension and a 401k? - AOL

   www.aol.com/finance/whats-difference-between...

   A Harvard Business Review article summarized some problems with 401(k)s, noting that, "Among Americans between 40 and 45 years of age, for example, the median retirement account balance is just ...