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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37 views

Which has the greatest lifetime value? Company 401k or State/Federal retirement plan [on hold]

I want to know which of these has the greatest lifetime value: A typical company 401k, Civil Service Retirement System (CSRS), or Federal Employees Retirement System (FERS). Can somebody help me ...
2
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3answers
143 views

Limitations of the 401(k) to Roth IRA conversion escape hatch

I'm currently planning on retiring before the 59 1/2 year old milestone where 401k's and IRA's become accessible penalty free. One workaround I've heard of to access your retirement funds early is to ...
2
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1answer
98 views

How much more can I contribute to my 401(k) this year after I made some Roth IRA, Roth 401k, and 401k contributions?

I've just started a new job, and would like to max out my pre-tax 401(k) contributions before year end. I have contributed to various other investment accounts earlier this year and am struggling to ...
7
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3answers
266 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 ...
11
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1answer
804 views

Can I make a lump sum contribution to my employer's 401(k) plan?

I recently sold a rental property and have a surplus of cash sitting around. If possible, I'd like to make a lump sum contribution to my employer's 401(k) plan. Is that possible? Or would I need to ...
3
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1answer
67 views

Self Employed 401k: contributions vs more available deductions

I'm in a unique situation this year where I worked self-employed 1099 for a few months and am full time W-2 for the rest. My full time job does not offer a 401k, but I can open a self-employed 401k ...
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2answers
68 views

401k Rollover into IRA (First Time Home Buyer)?

WALL OF TEXT AHEAD. Ok so I don't even know if this is even "possible" but I figured I'd ask. My 401k plan I have is honestly pretty crap, zero matching, really poor rate of return (1-2% on average ...
2
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2answers
104 views

When borrowing from a 401k, is the 401k the source of the funds, or the collateral?

I understand that borrowing from a 401K is not a good idea. But I still want to be familiar with some of the mechanics. If someone takes out a $5,000 401K loan, is the money taken from the 401K ...
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5answers
100 views

Investing in 401k and a Roth IRA

I am a senior in college and I have $3,000 dollars from my summer internship that I want to invest. I was thinking of investing it in a Roth IRA in an index mutual fund. However I am questioning my ...
5
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3answers
155 views

Variable universal life insurance vs traditional long-term investments

I have been considering different ways to generate some returns on my money, rather than just having it sit in a savings account at the bank. My understanding is that the obvious first step is to ...
4
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85 views

What to do if I get refunded by my 401k for being considered HCE?

If my employer gives back some of the money I put away on my 401k because I am considered a HCE, can I turn around and put it back into an IRA to avoid paying taxes and penalties that year? I am over ...
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5answers
154 views

How to choose a good 401(k) investment option?

I am starting my first 401(k) which will have 9% of my salary invested each month. I have the option of doing a Roth 401(k) or a traditional 401(k) with a range of investment options. I think the ...
3
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2answers
135 views

How can I calculate my income for purposes of an IRA deduction when I have HSA/401k deductions?

This chart here has the income restrictions for IRA deduction income limits. It does not use your AGI but a modified AGI. I have been unable to find any resources detailing how this income ...
4
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1answer
226 views

Why is the total 401(k) contribution limit (employee + employer) so high?

The 2014 employee contribution limit is $17,500. The 2014 total contribution limit is $52,000. (Provided they're not capped earlier based on low income.) Meaning the IRS has left room for a ...
3
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2answers
637 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
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3answers
2k views

What is the purpose of Social Security and Medicare deductions from my paycheck?

Sorry, this might be a basic question, but I'm having trouble understanding this, so would like to ask here. I've recently started a full-time position, and I notice that two things are being ...
8
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3answers
172 views

Moving money between Roth IRA and employer's 401(k)

Back when I was self-employed, I started a Roth IRA and have regularly deposited in it since then. However, my current employer offers matching contributions to their 401(k) plan, and with the ...
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0answers
57 views

401k strategy for NRI planning to return to india

Scenario is for L/H visa holder who is earning salary in USD. The person also has employee sponsored 401k plan. The visa expires in 5 years and person would like to return at that time to India ...
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1answer
80 views

What does it mean to be a “high fee” or “low fee” 401k?

I keep hearing the phrases 'high fee', 'low fee' 401k. What fee range constitutes high or low fees?
5
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1answer
162 views

What does this 401K statement mean?

"Your employer will match up to 10% of your compensation that you elect as pre-tax contribution. When you contribute to your plan, your employer matches 50% of the first 10% of your pay." I don't get ...
1
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1answer
65 views

My company is changing 401k plan providers. How long should my funds be “blacked out”

My employer is switching 401k providers. The original provider shows that I am no longer invested, with a $0 balance. The new provider tells me that I am not yet invested, but they do have the funds. ...
4
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2answers
86 views

When should you use an actively managed mutual fund in a 401k?

Why should you use an actively managed fund for your 401k? I have read several questions and answers on this and other sites and it seems like it's generally better to go with funds that follow the ...
10
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1answer
735 views

Employer match after tax?

My employer matches 2% of my contributions to my 401k but insists those contributions cannot be pre-tax. Is that correct?
4
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2answers
636 views

Any downsides to having both 401k AND Roth 401k

So currently I have a 401k, I went ahead and added a Roth 401k while I'm eligible, beyond the fact I'll have to pay tax on the contributions now without the tax on withdrawal later in life you'd see ...
14
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5answers
2k views

Confusion about Roth 401K: Better for me to do pre-tax or Roth post-tax contributions?

My company offers a 401K and a Roth 401K. Given the income level of my family (married filing jointly status), IRAs aren't really an option. We're past the Roth IRA limits and get no deduction for a ...
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4answers
3k views

What is the difference between a Rollover IRA and a Roth IRA?

Previous Question. I have decided to roll my 401(k) into a Roth IRA. I use ThinkOrSwim as my broker currently, so I plan on opening an IRA with them. When opening the account I'm presented with the ...
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2answers
60 views

Is there a “Rollover as business startup” for IRA?

I had a 401(k) with my employer, who I left recently. I'm considering rolling this over into an IRA since I will avoid a small maintenance fee this way, but I'm not sure if I will lose the ability to ...
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1answer
73 views

Why do you think there is a difference in these 2 funds' expense ratios?

For my 401k my employer offers 49 different investment options. The default option is the FID FREEDOM K 2055 (FDENX) which I have been in for the past year. I recently dug around checking out all the ...
4
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1answer
83 views

What happens to the gains or losses made on the non-vested portion of a 401k after you leave your job?

If you leave a company that matched 401k contributions before the vesting schedule is complete, the non-vested money is returned to the employer. I'm curious what happens to the gains/losses on the ...
17
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3answers
345 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 ...
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3answers
117 views

Using matching on 401k and then cashing out

I realize that if I "cashed out" on a 401K early, I end up having to pay taxes on the cashed out 401K savings. But, I would have had to pay taxes on that 401K amount if I had not put into savings ...
4
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2answers
106 views

Missed open enrollment 401k date, do not want to wait until next year

I missed the open enrollment date for this year to enroll in to 401k, I do not want to wait until next year. What are my options at this point? Should I open an IRA account? If yes, Which one ...
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1answer
93 views

What is the future of 401k in terms of stability and reliability?

Let me quote: 7) Your Retirement Plan is For S**t. I don’t care how much you set aside for your 401k. It’s over. The whole myth of savings is gone. Inflation will carve out the bulk of your ...
7
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1answer
118 views

How can I find a lost 401K from a past employer?

I've been rather sloppy about keeping track of 401(k)s from previous employers. There are two that I've lost track of completely. One is from an employer that no longer seems to exist, and the other ...
13
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1answer
2k views

How to invest after 401k and Roth IRA are maxed?

I'm in my 20's. I'm a big saver and I think I've covered the basics, including: Paying off all high interest (>3%) debt. Getting the full company match out of my 401k. Maxing out my Roth IRA for the ...
5
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1answer
200 views

Should you always rollover a 401k to a personal IRA after leaving a company?

As far as I know, all 401ks charge recurring fees to the employees. Some even charge percentage fees based on your balance. This is on top of the fund fees you'd have to pay for Fidelity/Vanguard/etc ...
5
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3answers
550 views

If my 401k plan allows for pretax and Roth contributions, why would I want to open an IRA?

My company is switching to a 401k plan provider that allows for both Roth and pretax contributions. If I can make either type of contribution to this plan, why would I want an IRA? The previous 401k ...
6
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3answers
904 views

Should I make more conservative investments in my company 401(K) if I'm going to leave the job in a couple of years?

I'm about to start a new job and the company offers a Roth 401(K) with a 10% employer match. I plan to only work this job for two years before leaving to go back to school. Should I be conservative in ...
11
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3answers
3k views

Can I roll over a 401k with my current employer into an IRA?

My wife has a 401k with her employer that she has been contributing to for years. They recently switched administrators for the 401k, and the new outfit is simply terrible - bad fund choices and ...
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2answers
44 views

Can I transfer my 401k vesting period between companies owned by the same corporation?

I am leaving my current job at a company owned by a corporation. This same corporation also owns the company where my next job will be. My 401k has not yet vested - the cliff is about a year away. ...
3
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1answer
102 views

Married couple, high combined income: Can we contribute to IRA, on top of 401k?

My wife and I earn between $180,000 and $210,000 combined. The amount varies due to job changes and side consulting. She puts about 4% of her salary into a 401k which is fully matched. I put in 6% and ...
15
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8answers
694 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?
2
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1answer
53 views

401k rollovers (pre & post tax contributions)

I have a 401k from a former employer. This contains both pre & post tax contributions. Do I need to open both a Traditional IRA and a Roth IRA so the distributions are rolled over correctly? It ...
3
votes
3answers
130 views

How to handle old 401(k) I have, with respect to refinancing some of my debts?

I have recently been shopping around to see if I could get my home refinanced. I purchased in Oct 2007 for $200,000 - 30 year fixed at 5.99% I called my lender, and they were willing to refinance @ 4 ...
2
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1answer
68 views

Borrowing from Solo 401K vs Line of Credit

As a quick recap, I'm in the process of doing a gut rehab on my (soon to be) primary residence. I have savings and a line of credit that should cover the full cost, but wanted an alternative source ...
7
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2answers
323 views

When should I switch from after-tax to pre-tax retirement savings?

I am contributing to my employer's Roth 401(k). The consensus in this question is that when you're young you should make your retirement contributions after-tax so that they grow tax free, and that ...
1
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2answers
73 views

What to do with old company's 401k? [duplicate]

I have a 401k from a company I no longer work at. It's worth about 70k. What should I do with it? Is there any way I can roll it into something that I can use as part of a down payment for a house ...
1
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2answers
216 views

After moving a 401k to a Traditional IRA, can I move it back out to another 401k?

I plan to join a new company that doesn't currently offer a 401k and I have funds in my old employer's 401k. I was thinking I would move the funds to something like Betterment who would do a 401k to ...
4
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3answers
158 views

Saving for retirement without employer sponsored plan

I'm considering moving to a new job that doesn't have any sponsored retirement plans. I'd like to continue saving on my own though, but it seems that IRAs have a $5,000 contribution limits. What are ...
2
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1answer
204 views

Retirement saving without employer sponsered plan?

I currently have a 401k with my employer and contribute 7%. If I no longer had the 401k, what would be my options for retirement savings? Ideally keeping the tax deduction benefits I have now. I ...