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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301 views

Does it make sense to get a 401k loan for land purchase?

Does it make sense to use a 401k loan as a downpayment on land that you intend to build a house on? I am currently in one house, however, I do not have much cash to make a downpayment on land that ...
2
votes
1answer
518 views

Are there any rules about when a former employer must release the funds for rollover from a 401K?

My company was recently acquired/merged with another company, and I won't go into the gritty details about the acquisition, but suffice it to say that all existing employees were effectively let go ...
2
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2answers
1k views

How do 401k handle rate of return

This question has quite a few parts but answers to any part is certainly welcome : ) I'm having trouble finding an answer to what I think should be a simple question. When I see my 401k is up 10% ...
4
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1answer
3k views

Do 401K contributions reduce MAGI as it pertains to Roth IRA income limits?

My wife and I are looking to make around 200K this year, putting us past the Roth IRA income limit. It may be possible for us to get under that limit if we both ratchet up our 401K contributions from ...
2
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0answers
36 views

Should I invest in 401(k) both pre and after tax? [duplicate]

Possible Duplicate: Recent graduate with new job: Choose Roth 401(k), or traditional 401(k)? My employer offers both pre and after tax 401(k). Since I am in my mid 20s and I don't know what ...
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4answers
120 views

What is a 401(k) Loan Provision?

I'm considering a few job offers for post-college, and I'm wondering how this (Roth) 401(k) plan stacks up against the average offering: After one year of service, [Company] will: ...
2
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1answer
99 views

Does a rollover IRA impact your basis for converting a traditional to Roth?

In the United States, does having a rollover IRA impact your basis for converting a traditional to Roth? I ask because I have a 401(k) with a former employer than I could rollover to an IRA and get ...
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2answers
335 views

I have access to a 401K at work but the fees are high. Should I contribute, or do otherwise?

I have a retirement plan 401K from work. The employer does NOT contribute anything. I just enrolled into account and got to know that there are fees associated with the account. The fees is ...
5
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2answers
146 views

Which should I prefer, traditional or Roth 401k? [duplicate]

Possible Duplicate: Recent graduate with new job: Choose Roth 401(k), or traditional 401(k)? I'm just a few years out of college, and am starting to put aside some retirement savings. My ...
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1answer
176 views

IRS letter about 401(k) rollover not shown on return

I got an IRS letter that states my return does not match the records they have from others. In particular, it shows I reported $0 but they were reported a non-zero amount for taxable retirement ...
0
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1answer
98 views

What are the requirements for setting up a solo 401k?

I'm leaving a job that has a 401k for a startup that has no 401k. I can switch to using a traditional IRA but the max contribution per year is 5K, so that would cut my tax-deffered savings per year ...
9
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3answers
745 views

What happens to 401(k) money that isn't used by the time the account holder dies?

What happens to un-withdrawn 401(k) funds upon the death of the account holder? Can they be transferred to an heir? What are the tax implications (if any) of this?
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2answers
744 views

Tax implications of 401k regular rebalancing vs a retirement target fund

This question is in the context of securities held within a 401k. As I understand it, one of the advantages of a retirement target date fund (like Fidelity's FFFHX, which I am in 100%) is that the ...
2
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1answer
2k views

401k withdrawal abroad and state taxation?

From what I know about 401k's, when it's time to retire, we take our 401k money and pay federal and state tax. Some states don't have taxes on 401k's — Florida is a good example. So many people move ...
7
votes
4answers
191 views

Is my first 401(k) fund allocation reasonable, and with respect to fees?

I just started my first job after school and am now being enrolled in my company's 401k plan, which is handled by Vanguard. By default, I was put into the Target Retirement 2050 Trust II fund, which ...
2
votes
1answer
133 views

What to do about the 401(k) account when leaving the employer? [duplicate]

Possible Duplicate: Started new job. Rollover previous employer 401k to new 401k, IRA or Roth IRA? I have a 401(k) account with my last company. I contributed 6% and company matched up to ...
4
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3answers
193 views

Should I participate in a 401k if there is no company match?

The 401K program offered by my employer doesn't include a company match. Should I participate in the plan? What are the criteria one should use for estimating the worth of the situation?
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3answers
987 views

Safer investing (401k/savings) assuming there will be another banking crisis?

Assuming one or more of the big investment banks incurs unsustainable investment losses leading to another banking crisis, what is the safest place to invest my 401k?
7
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3answers
254 views

How to get started with savings, paying off debt, and retirement?

I am getting married soon and I am in grad school (I get paid a stipend and have a tuition scholarship). I have no retirement plans available to me. My fiancee will be starting her job soon and will ...
2
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1answer
172 views

Are IRAs and 401(k)s protected against lawsuits and garnishments?

There's as similar question about bankruptcy, but these protections apply to lawsuits or garnishments?
5
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5answers
275 views

Should I contribute to a 401k with a vesting schedule?

I am looking for some advice as to how much I should contribute to a 401k. I am considering taking a job at a place that has a worse 401k plan than I currently have - 6%, half matching. The plan has ...
1
vote
4answers
293 views

Should I use retirement savings to reduce mortgage given the following:

I'm fatally ill and that diagnosis is final and there's no doubt I am going to die long before retirement age. I'm married and we have two young children. I have about one year's worth of salary ...
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votes
1answer
100 views

Possible pro-rated division of asset strategies without a prenup?

Example: I have $100,000 in the bank. I get married. We start a joint account from scratch. All future salaries and bills from both of us come and go from here. Is there any way to keep the ...
15
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2answers
1k views

Accidentally cashed out 401k instead of rolling it into an IRA. What do i do?

I've recently changed jobs (past two weeks) from an employer with a 401k to a new employer who does not offer any retirement accounts. I made a huge mistake and accidentally cashed out my 401k ...
4
votes
3answers
241 views

My employer does not offer a 401k for the first year. Should I bother with an IRA instead?

My new employer does not offer a 401k for the first year of employment. Should I bother with creating an IRA account given the max limit is 5k? Or should I just put the 5k in a savings account? ...
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2answers
213 views

Toward which year would an end-of-the-year 401k contribution apply?

Hypothetically, if a person's pay period ends on Dec 31st 2012, and they get that paycheck the next week (as in, 2013), which year's contribution limit would any 401k contribution be applied toward?
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5answers
942 views

Could excess 401(k) contributions be used to game/maximize matches from different employers?

Suppose I max out my 401(k) really early. This avoids the risk that if I lose the job I would have lost the chance to contribute to it fully. However there is another risk. My company doesn't match. ...
3
votes
1answer
228 views

Where can I find a Third Party Administrator for a self-directed solo 401K?

Following up from my question here, can anyone recommend a good Third Party Administrator (TPA) that can create/amend a non-prototype plan for a solo 401k for a flat fee? Either that, or a site that ...
3
votes
1answer
491 views

Mandatory 401k contributions when a company's plan provider changes?

My company is changing 401K providers. I know I must rollover my funds from the original co. to the new 401K provider, but I did not want to contribute any additional monthly monies to the new plan. ...
7
votes
4answers
257 views

Multiple 401K accounts

I had a 401K with a previous employer. When I left, I rolled the account over to ShareBuilder and it's been sitting there ever since. I am not making any contributions to this account. In the last ...
4
votes
2answers
2k views

Can I be my own administrator for an Individual/Solo 401k?

I'm interested in creating a company and rolling my 401K into a Solo or Individual 401k so that I can have more control over my investments. From what I've seen so far, it looks like you need an ...
4
votes
3answers
6k views

Are 401k Employer Match amounts subject to FICA or any other tax?

When my employer makes a contribution to an employee 401k account, are any taxes payed by the employee (e.g. FICA)? And does the employer match amount show anywhere on the employee's W-2 or 1040?
4
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1answer
2k views

How is my 'Personal Investment Performance' on my 401(k) calculated?

My 401(k) shows the following: my starting value at the beginning of the year personal contributions employer contributions investment gains/losses Closing value from Yesterday Total Change ...
7
votes
3answers
210 views

How to find a good third-party, 401k management/advice service?

I have a 401k with my employer that offers a pretty good contribution matching benefit. I am young and I've had the plan for about 5 years and my money is starting to grow into a pool that is big ...
7
votes
2answers
229 views

How should I be contributing to my 401(k), traditional or Roth?

My company just started offering an 401k plan in place of a Simple IRA. I am able to contribute into my 401k two different ways, traditional or roth. From the way I understand it, traditional ...
7
votes
2answers
186 views

Company buyout & I don't qualify for the new company's 401k (too young!). What are my options?

I participated in my company's 401K plan for my length of employment as they offered a match program. Now, with the company being bought out, I no longer qualify for the new company's 401K plan due to ...
3
votes
1answer
175 views

What are some good next steps for the HENRY?

HENRY (High Earning Not Rich Yet) I'm 37, single, and only in the last two years have I really gotten serious about saving. Current 401k balance is $28,000 I'll probably make about $125,000 Gross ...
8
votes
2answers
475 views

How do 401(k) mutual fund expense ratios work?

Simple question - how do expense ratios work? Is there a fee that is calculated regularly, and the amount is taken out of my account? Is it subtracted from the funds earnings? Context: My work has ...
3
votes
1answer
182 views

What are the tax results of a 401k to Roth IRA rollover?

In 2011 I rolled over my (Traditional) 401(k) into a Roth IRA. I realize that I will need to pay taxes on the rollover, but I had a few questions. Do I pay taxes on the full amount, or only the ...
6
votes
2answers
1k views

When leaving job, is there a time limit to rollover a 401k into a Roth IRA?

My wife is leaving her job in the next month and going to a new one. She currently has a 401k that we would like to rollover into a Roth IRA ASAP. However we might be moving in a few months and ...
17
votes
2answers
297 views

Why is there such disparity of max contribution limits between 401K accounts and regular IRA accounts?

In 2011, regular IRA accounts allowed only $5,000 maximum contribution, while 401K accounts allowed up to $16,500. Why is there such a disparity? Why do tax advantages favor employees of large ...
5
votes
2answers
561 views

Are 401(k) contribution limits for employee & employer separate? What about hitting the limit?

I am glad to see this forum. I have been reading a lot and have some questions about me specifically. I am 29 years old and have a 401(k) already with my company. I just started contributing 10% to ...
2
votes
2answers
224 views

401k with paltry match or SPY ETF?

Summary: I read about the SPY ETF here on SE ( Where should my money go next: savings, investments, retirement, or my mortgage? ) and I am curious about JoeTaxpayer's comment specifically on the idea ...
4
votes
2answers
203 views

What is an appropriate level of 401k fees or expenses in a typical plan?

I am aware that there are fees involved in a company 401(k) plan. These can vary widely depending on where you work and the particulars of a plan. What would be an appropriate amount of fees and ...
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2answers
343 views

Is Unvested Money in a 401(k) counted as income?

I left my job during the middle of 2011. I had $5,000 from the company contributed to my Roth 401(k) as part of a profit-sharing plan in March 2011, but only $2,000 was vested. I am trying to figure ...
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7answers
595 views

Pay off credit card debt or earn employer 401(k) match?

Should a person with high credit card debt pay it off before contributing to a 401(k) with matching?
3
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1answer
307 views

Can I contribute to both a solo 401k and a regular 401k in the same year?

I was self employed during the first quarter of 2011, then switched to full time employment. I have a solo 401k that I haven't contributed to in tax year 2011. I have been contributing to my ...
7
votes
3answers
1k views

Best to roll over a 401k into a Roth IRA or traditional IRA?

I am rolling a 401k from a former employer to an IRA or Roth. I am trying to figure out the tax consequences of doing so. My understanding is, is that my contributions to the 401k were not taxed going ...
2
votes
2answers
690 views

401(k) contribution limits & job change: How to prevent over-contributing at new employer?

My wife is changing jobs, and we are trying to figure out how to deal with her 401(k) contributions. She contributes the maximum allowed, and depends on her employer to stop deducting when the limit ...
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0answers
74 views

Switching Jobs - What should I do with 401k? Roll to IRA? Transfer to new 401k? Leave it? [duplicate]

Possible Duplicate: Started new job. Rollover previous employer 401k to new 401k, IRA or Roth IRA? I'm leaving my current employer next week and have about $10k in a 401k plan. What is best ...