A 401(k) account is a tax-deferred retirement savings account setup by many employers for their employees in the United States. Employees can elect to contribute part of their earnings - either pre-tax or after-tax - to their 401k account and the employer will often make a matching contribution for ...

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49 views

Does non-taxable income apply before or after (not at all) taxable income for purposes of tax brackets?

The context of this question is looking at retirement and 401k/Roth. I am currently contributing to both. I was wondering when I start withdrawals of the traditional if these withdrawals are taxed at ...
3
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2answers
80 views

How Do I Fix Excess Contribution Withdrawl

This is a kind of a straight forward situation but I made it little complex due to my limited knowledge of Traditional IRA and 401(k). In the year 2012, I was working as a contractor. I had a ...
8
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2answers
410 views

Why do tax-advantaged retirement accounts have contribution limits?

Why are there contribution limits for IRAs or 401k? Since I need to make this longer, I tried to look for it. This is the closest thing I've found: Why is there such disparity of max contribution ...
2
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1answer
61 views

401K participant for part of year - Can I contribute to an IRA?

I have participated in my previous employer's 401K plan (traditional and Roth) for three months of 2014. My new employer does not allow participation in their plan until one year of service. Can I ...
3
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3answers
268 views

Allocation between 401K/retirement accounts and taxable investments, as a young adult?

I graduated college last year and began a career at a company with a 401K option. I cannot pull any money out of the Roth 401K without tax consequences or a penalty. I am interested in starting a ...
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1answer
98 views

Is 401k employer match included in W2 Box 1?

Is 401k employer match included in W2 Box 1?
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1answer
175 views

Old 401k investment choices: Cash it out, move it elsewhere?

I started investing in 401K pretty late (around 28) at my previous employer. That account has about $1,500 in it. I want to take it out of there and use it to invest in Vanguard funds. I already have ...
4
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1answer
179 views

Rollover IRA vs traditional IRA (can I make contributions to the rollover IRA?)

I am single and used to contribute to a Roth IRA (my last contribution was years ago), but now my AGI is over the limit to contribute to the Roth. I have a "rollover IRA" that I opened a few years ...
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1answer
45 views

How can a Spanish citizen withdraw an IRA/401(k) accumulated while in the U.S.?

Let's say I am Spanish citizen. I was working in the U.S.A. during two years in the nineties. I built an IRA/401(k). Now I am 60 years old and I want to get my amount in a lump sum. How is the way ...
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3answers
178 views

Why do employers require you to spread your 401(k) contributions throughout the year to get the maximum match?

I think the title says it all. I can't see any reason employers have to incentivize employees to contribute to their 401(k) evenly throughout the year. Instead couldn't they use a relatively simple ...
0
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1answer
40 views

What is the “Taxable portion of a conversion” in a roth IRA?

From here, under "Treatment of Distributions". In particular, let's assume I have some funds in Traditional and Roth 401(k) and IRAs. Now, let's take a year when I make no income and I decide to ...
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2answers
111 views

Tax implications upon withdrawal of 401(k) or IRA while residing in India

Hypothetical situation. Let's say I am an Indian citizen living in India (and have some income). And, I withdraw money from my 401(k) or IRA. If its a traditional 401(k) or IRA, I understand that ...
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2answers
69 views

401k with 4% match in face of buying an apartment complex

My employer is offering a 401k plan where they match 4%. I have no tax saving strategies setup yet, so no IRA, Roth, what have you (yet) My plan is to buy an apartment complex by next year: this ...
4
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1answer
301 views

How to withdraw 401K?

I worked in company A with 401k account. I was laid off and moved to company B which also had 401K account. When I was in B, I tried to split my 401k in A into cash and move remaining to B. So the ...
3
votes
2answers
159 views

What are the laws or rules on 401(k) loans and switching providers?

So here's the situation. My employer is switching 401(k) providers. I believe they outsource payroll and employee benefits to Benefits Company A. They want to switch to Benefits Company B. I ...
6
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1answer
106 views

My former employer made a mistake calculating my 401(k) contribution/match; what is my responsibility?

I just got a letter from my former employer stating that they had made an error in their 401(k) deductions in 2013. Briefly, they erroneously included my cell phone allowance as eligible pay for the ...
9
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3answers
152 views

Employer limits total 401K contribution to below IRS max. How can we max out our pre-tax contributions?

It looks like my wife's employer is limiting her 401K contributions to 15% of her salary. This means we cannot max out the $17.5K contribution limit set by the IRS. Say her salary is $70K and we are ...
0
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3answers
90 views

How do you get out of a Mutual Fund in your 401(k)?

Let's say I start up my 401(k) through my employer with a particular fund. Take this for example: Largest Holdings (08/31/2013) Apple 3.07% Exxon Mobil Corporation 2.60% ...
3
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1answer
66 views

Does my company's decision to change 401k plan providers hurt me?

My company is changing providers again. This is the third time in 4 years. There are a variety of good reasons for this. Each time a new set of funds is provided and there is enough of a choice that ...
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1answer
133 views

Married Filing Jointly & one spouse has employer 401K. Would each still be able to contribute to a Traditional IRA?

The husband participates in his employer's 401K, while the wife is unemployed. Assuming this couple does not exceed the AGI or MAGI limits for a Traditional IRA, will each of them be able to ...
3
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1answer
280 views

How can an H-1B holder withdraw 401(k) balance before returning to home country? Taxes?

What is the process of withdrawing all monies from a 401k account? If a person is in the U.S. on an H1B visa, lives with a dependent wife (H4), worked for about 3 years (4% employer matching ...
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2answers
165 views

What happens to a 401k if you leave your job indefinitely?

I currently have a 401k through my company. I'm saving nearly the maximum $17,500. While the company matches the first %6. If I leave in a couple of years I will be %50 vested and my balance will ...
6
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2answers
166 views

What, if any, IRA options are permitted with my high salary?

I am single, and make more money (more than $200k) than any of the limits I've seen for contributions or deductions for either Roth or traditional IRAs. My employer has a 401k plan. I currently do ...
2
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1answer
47 views

When a 401k plan cites a percentage of salary, e.g. for matching, is it pre-tax, or post?

Referring to How 401(k) plans work: What does "pre-tax" really mean? Let's do the math to see the advantage of pre-tax saving. For example, you may decide you want to put $200 into your ...
4
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2answers
403 views

I am not a U.S. citizen. What happens to my 401K if I have to go back to India?

I am not a U.S. citizen. What happens to my 401K if I have to go back to India? Can I distribute (withdraw) my money at that time without paying the penalty?
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6answers
406 views

An index fund in my 401k performed very well this year. How to deal with the gains?

I'm 34. 100% of my 401k goes into an S&P index fund. I'm up about 25% this year. If this were in my brokerage account I'd probably cash out some of the profits and hold onto it and buy more ...
0
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1answer
89 views

Employer changed my Roth 401k to a traditional 401k. Can they do that?

My HR lady changed my Roth 401K to the traditional 401K without asking me and told me to correct it on my login with ADP. I don't want the traditional 401K. Can they force me to do the ...
5
votes
2answers
178 views

Too late to max-out my 401k but need an alternative to offset taxes?

I got 'double paid' for the first 7 month's of this year as my old job paid out severance and my new job paid me. My accountant has only just told me I will probably owe $15k in Federal taxes and ...
0
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2answers
109 views

Should I switch/rollover my IRA to a Gold IRA at Regal Assets?

I was recommended from a friend that I should consider switching my current IRA to a Gold IRA. She sent me a link and told me to consider switching over to Regal Assets. I haven't searched around a ...
4
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1answer
119 views

Changed from job that had a 401K, and the new one doesn't. How do I answer when filing?

There is a question on the tax form when filing that asks "eligible to participate in a 401K plan at work?" [Yes/No]. I contributed to my 401k up until March. I then took a new job that does not ...
2
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2answers
185 views

Employer 401K thru Fidelity - Investment options

I originally picked FA FREEDOM 2040 I (FIFFX) for investment. After talking with a co-worker I learned this is a poor choice and only has 3 stars. The 10 YR performance 6.37%. Anyway, I have altered ...
3
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1answer
150 views

Does it make sense to max out contributions earlier in the year?

Let's say a person is making regular monthly contributions to his/her Roth IRA, HSA, and 401K with employer match, up to annual limits. All contributions are put into index funds. Assuming this person ...
5
votes
2answers
210 views

Confusion about 401k and Roth 401k

I just started working for company, and this is my first time doing anything with a 401(k) plan. I found out this from the brochure, and I am a little confused: 1) you can save up to 80% of your ...
7
votes
1answer
309 views

Why would I not rollover my 401k into an IRA when permitted?

Currently in the US there are circumstances which allow you to rollover your existing 401K into an IRA, such as when you change employers. You may also keep it in the existing employer's plan or roll ...
2
votes
1answer
591 views

Tax consequences for commingled money rolled over from 401k to Traditional IRA to Roth IRA

A 401k account with pre-tax and post-tax funds at Institution A is rolled over as one lump sum into a new Traditional IRA at Institution B. The funds are commingled at this point. The funds will ...
7
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1answer
357 views

Rolling over a mixed 401k (Traditional and Roth) to a Roth IRA

I am rolling over my old 401k to a new Roth IRA. My 401k contained my pre-tax contributions, post-tax contributions, employer match, and employer profit sharing. I am guessing my employer match and ...
3
votes
2answers
331 views

Former company acquired. Do I have to move my 401K investments, or can I leave them?

A broker called me to discuss my 401K investments that were made while I worked at a company that was recently acquired by another. The discussion is about rolling those investments from where they ...
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2answers
177 views

I have a loan with a 6.5% interest rate. Should I divert money into my 401(k) instead of prepaying?

I have a loan with a fixed 6.5% interest rate, with an absurdly low minimum payment, so I have been paying extra each month (about enough so that the loan will have a 10-year repayment lifetime ...
3
votes
1answer
142 views

401k tax advantage vs lower fees in taxable account

Is there a formula or rule of thumb to help determine when it's better to put money in a 401k, 403b etc. or a regular taxable account assuming similar investments and returns (for example the same ...
6
votes
1answer
640 views

My employer is switching 401k plan providers. How might this work in practice?

For instance, my company will be switching my 401k from Fidelity to Wells Fargo. When plan providers are changed like this, am I likely able to keep what I currently have invested with the previous ...
3
votes
1answer
143 views

100% Contribution to 401K / Payroll Taxes

This is actually a followup question to a previous post: Tax implications for a 100% 401k contribution limit I mistakenly posted it there first as an answer. I'm new here ... Sorry! My question ...
7
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1answer
210 views

Tax-advantaged retirement savings options for someone with no 401(k) and high income

I have read that Traditional IRA and Roth IRA benefits appear to phase out beyond certain income limits. Assuming the following: I don't have access to any 401k plans through my employer My income ...
2
votes
1answer
261 views

What are the time limits on a 401k direct rollover?

Is there a time limit from the date you request a direct rollover from your 401k until your former employer completes the transaction? When does the 60 day rollover clock for the IRS begin?
2
votes
1answer
406 views

Inflation rates to expect over the next 30 years, 401k planning

I am a recent college grad and now a new hire looking to choose 401k options. I am wondering what the general strategy behind choosing a 401k investment rate is. I have been reading Recent graduate ...
3
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2answers
2k views

401k early withdrawal impact on unemployment benefits

I'm helping my SO plan for the worst since being laid off from work two weeks ago. The unemployment office's (Illinois) documentation has lots of convoluted language that among other things seems to ...
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0answers
79 views

Which earnings can be withdrawn when making an in-service withdrawal from a 401k?

When making an in-service withdrawal from a 401k with your current employer at under age 59.5, which earnings are you allowed to include in the withdrawal? Are you allowed to withdraw earnings on ...
5
votes
2answers
281 views

Evaluating a Job Offer: Defined Benefit Retirement vs 401K is the salary increase enough to make the move

I am currently enrolled in the NYS Employee Retirement System and would get up to 66% of my highest three years as a retirement pension. My current employer also contributes $2800 a year to my private ...
6
votes
1answer
84 views

Does a non-vested company contribution count towards the annual 401(k) limit?

My company makes a significant match to my 401(k) contributions. Unfortunately, that match is not vested till the middle of next year. Would this contribution count against the annual 2013 ...
2
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2answers
232 views

Are there any circumstances in which employer vested 401k contributions revert to the employee?

Many companies (including a former employer of mine) have 401(k) vesting schedules. The idea is that the employee keeps all of his/her contributions, and the employer piece has a percentage that you ...
0
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1answer
160 views

Will I face withdrawal penalties if my payroll processing company reverses an incorrect 401K contribution?

In my last paycheck, the payroll processing made an error and deducted an extra amount for the 401K from the paycheck. I caught it as soon as I checked the paycheck, but by the time someone got to the ...