When you take money from your 401(k) through a withdrawal, rollover or loan default, the IRS requires specific reporting on ...

Key reporting forms: Form 1099-R reports most 401(k) distributions, while Form 5498 confirms IRA rollovers; W-2s show contributions. Penalties and exceptions: Withdrawals before age 59½ may face a 10% ...

Qualified distributions are allowed at age 59½, but an exception may allow you to make a penalty-free withdrawal ...

Potentially millions more long-term, part-time employees are now eligible to join 401(k) retirement plans, thanks to recent legislation, and there's a new method of counting defined contribution ...

Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics, as well as tax breaks, tax preparation software, and tax law ...

You might assume that if you're going to borrow money, you might as well repay yourself. Failing to repay a 401(k) loan could have serious consequences. You may want to look at a personal loan instead ...