More people are eligible to tap retirement savings without penalty

The big change: If your spouse's job has been hit by COVID-19 you may be eligible to pull as much as $100,000 from retirement savings — penalty-free.
Personal finance experts are warning, however, that you should only dip into your retirement savings in the case of an emergency.
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Americans can now tap 401(k)s without penalty. Here's how it works.

People affected by the crisis can access of up to $100,000 of their retirement savings without the usual 10% penalty.
Personal finance experts are warning, however, that you should only dip into your retirement savings in the case of an emergency.
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One idea to pay off student debt: use your retirement account

Dec 5, 2019
Senator Rand Paul wants to allow people to use retirement accounts to pay off student debt, tax- and penalty-free.
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How retirees cope when their savings are at the mercy of the markets

Aug 26, 2019
Market volatility and the possibility of a recession have affected some retirees' financial decisions.
Many retirees have savings tied up in the stock market.
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Investors have been piling into gold this year

Aug 21, 2019
Gold prices are up sharply since the start of the year. Part of that is the market turmoil, pushing investors toward safe havens. But it’s also gotten a lot easier — and cheaper — to invest in gold.
Gold bullion bars and coins.
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Why banks are doubling down on wealth management services

Jul 23, 2019
For big banks, loans and stock trading are becoming less reliable sources of income.
A flag flies outside the Bank of America Corporate Center in downtown Charlotte, North Carolina.
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Scammers are targeting retirement savings. Here's how to fight them.

Con artists are zeroing in on the retirement savings and other assets of an aging population, some of whom might already be suffering from cognitive decline.
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Waiting out a down market may be tough for workers headed toward retirement

Feb 9, 2018
All that advice about taking a deep breath, focusing on the long term and not obsessing about the balance in your retirement accounts as the markets take a wild ride sounds a lot better when you’re not headed toward retirement…

Is the Trump administration leading an "anti-retirement savings movement"?

Nov 1, 2017
There are flaws in our retirement system, but GOP changes could make it worse, one expert says.
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