5
votes
1answer
176 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 ...
1
vote
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 ...
4
votes
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
1answer
281 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 ...
4
votes
2answers
406 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?
1
vote
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Which earnings can be withdrawn when making an in-service withdrawal from a 401k?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 ...
4
votes
2answers
381 views

What is the difference between “withdrawal” and “distribution” from a 401(k)?

My 401(k) plan lists several fees associated with my account. One of the fees is "Final Distribution", which is "$50.00 per distribution". Another is "Withdrawal", which is "$50.00 per withdrawal". ...
1
vote
2answers
94 views

Is it possible to take advantage of exceptions to early withdrawal penalties on a 401(k)?

As I understand, in addition to having to pay income tax on gains, early withdrawals from a 401(k) also incur a penalty. But, I also heard that there are exceptions to the penalty, e.g. if paying ...
2
votes
2answers
690 views

Pre-tax 401k and post-tax Roth 401k contributions commingled into same account? Tax treatment of withdrawals?

My employer recently began offering Roth 401k contributions. I decided to switch my contributions to the Roth 401k, figuring that it is impossible to guess what my tax situation will be in 25 years ...
4
votes
3answers
449 views

Should I take money out of an old 401(k) to put a down payment on a house?

My wife doesn't work anymore and she has a 401(k) of about $80,000 from an old job. I have been kicking around the idea of taking that money out or rolling into an IRA so that I can have better ...
3
votes
1answer
246 views

Switched jobs & short on cash. Should I withdraw from 403(b) or borrow from 401(k)?

I switched employers a while back and obviously this resulted in a new place to throw my retirement money. Employer A was an academic institution so that money was in a 403(b), now I'm in your ...
4
votes
1answer
3k views

How to calculated mandatory withdrawals for 401k? (Required Minimum Distribution)

I understand that 401ks have a mandatory withdrawal that can be triggered at some point. What triggers a 401k mandatory withdrawal and how is the amount of the withdrawal calculated?