In addition to the FAFSA, applicants seeking financial aid will now complete the CSS Profile, including questions about home value and 401(k) balances.

Long Island students and their families reveal how they're tackling the out-of-pocket price of higher education.

The CSS Profile, administered and maintained by the College Board, the same group that develops the SAT, opens the door to nonfederal scholarships and other kinds of institutional aid that can make ...

Adults 50 and older are allowed to save much more than their younger counterparts in their retirement accounts. The Rule of 55 helps you skirt the 10% early withdrawal penalty on your 401(k) from your ...

It's important to establish a budget ahead of retirement so you can see whether you're prepared. You may forget to account for certain healthcare costs. Taxes might catch you by surprise, and your ...

After decades of squirreling away money for retirement, there comes a time when retirees must start withdrawing money from their accounts. Drawing down 401(k), IRA and other assets earmarked for ...

Jordyn joined Investopedia in February 2025. She was previously a freelance writer covering lifestyle, entertainment, politics in the Midwest, and more. FG Trade / Getty Images Despite market ...

With their money locked up and investment costs undisclosed, a captain and a sergeant described the situation as “a disaster” ...

Money in a Roth IRA can be withdrawn tax-free after you reach retirement age. The 401(k) has a much higher contribution limit, and often an employer match. Both accounts offer benefits that make them ...

For many of us, retirement may seem far away. However, if you ask people who have already retired, many of them will tell you just how fast it can creep up on you. That's why it's important to begin ...

You've spent decades contributing to a tax-advantaged retirement savings account. Now, for one reason or another, you want to withdraw your money. Maybe a medical issue has pushed you into early ...

When it comes to building wealth and planning for the future, the type of account you choose matters just as much as the investments you make. Retirement accounts and investment accounts are two of ...