Distributions from individual retirement accounts before age 59 1/2 typically trigger a 10% early withdrawal penalty. However, the IRA withdrawal rules contain several exceptions to the penalty if you ...

If you want to retire early, you absolutely need to avoid early withdrawal penalties when it comes to your retirement accounts. In fact, many early retirement withdrawal strategies will crush your ...

A certificate of deposit (CD) is a type of savings account that holds your money for a set period of time, known as the term. Terms typically range from three months to 10 years. CDs are popular ...

Distributions from individual retirement accounts before age 59 1/2 typically trigger a 10% early withdrawal penalty. However, the IRA withdrawal rules contain several exceptions to the penalty if you ...

Early withdrawal penalties typically range from 90 days to 365 days’ worth of interest. Longer-term CDs often come with steeper early withdrawal penalties than their shorter-term counterparts. In some ...

As a retirement savings account, a 401(k) is primarily meant for long-term investments. However, if you’re in need of funds, you may be considering whether cashing out a 401(k) early is feasible. It ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Most 401(k) plans allow workers to withdraw money early. Early withdrawals are typically taxed as income and may be subject to a 10% penalty. The IRS waives the 10% penalty in certain circumstances.

Jessica Walrack is a freelance contributor who covers a variety of personal finance topics such as investing and mortgage industry trends. Vice President of Growth & Engagement at CBS News and ...

When you stop working years before most people, you’re not just retiring early — you’re signing up for an unusually long ...

If you choose early retirement, you have a long money-management journey ahead of you. By choosing the right withdrawal strategy, you can absorb shocks and bumps in the road. The well-worn 4% rule ...

It’s normally a bad idea to dip into your retirement savings early. Not only are you shrinking the pot of money you’ll need when you’re ready to actually retire, but taking cash out of a 401(k) ...