The contribution tag has no wiki summary.
2
votes
1answer
84 views
Can you replace Roth IRA contributions that you withdrew? [duplicate]
If I withdraw my Roth IRA contributions from previous years, is it possible to ever replace that money in the Roth IRA?
3
votes
1answer
72 views
Can I still deduct contributions to my Traditional IRA?
I worked as a consultant on W2 from January 2012 until October 2012. My company did not offer any 401k. In November 2012, I got a full time job and the new company offered a 401K and enrolled me in ...
4
votes
2answers
70 views
401k Catch up Provision - Limits on timing?
My girlfriend, a Highly Compensated Employee (HCE rules in effect), has her 401k contributions in check by her plan and HR. However, she is also 50+, thus eligible for the Catch Up provision for $5500 ...
2
votes
1answer
265 views
401k Contributions + Employer Match be greater than Maximum Contribution?
This year, 401k contributions are capped at $17,000 per person.
So let's say somebody contributes this amount and is matched maybe 8% by their employer each contribution period.
Can the total amount ...
6
votes
1answer
139 views
HSA qualification and contributing with multiple HDHPs?
So I've read the IRS publications and I'm still kind of confused.
I have single coverage on my employer's health plan with a qualified HDHP and along with an HSA. This is pretty clear cut.
I am ...
1
vote
2answers
109 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?
1
vote
1answer
57 views
Should I contribute to my RRSP or wait?
I am Canadian and I have a large amount of RRSP contribution room. I do have money to contribute, but I will have no taxable income this year.
Should I make my RRSP contributions now, or save the ...
4
votes
1answer
124 views
Contribute to both a SEP IRA and solo Roth 401(k)?
I am self employed in a business venture. Could I theoretically contribute to a SEP IRA where the maximum contribution is $50,000 and to a Solo Roth 401k where the max contribution is $17,500?
I ...
0
votes
1answer
66 views
IRA tax events and making the maximum contribution
I have a predicament:
I planned to contribute the max of $5000 pretax dollars into my IRA, and
I am receiving a distribution from someone else's IRA that I was the beneficiary of. I instructed this ...
3
votes
1answer
280 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
2answers
210 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 ...
14
votes
3answers
218 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
372 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 ...
6
votes
3answers
431 views
How feasible would it be to retire just maxing out a Roth IRA?
How feasible would it be to retire on just maxed out Roth IRA contributions each year?
Obviously this depends very much on how old you are when you start, and your living expenses when you retire. ...
1
vote
1answer
51 views
Can I elect for a deductible Traditional IRA contribution to be treated as non-deductible?
I made a $6k contribution to a traditional IRA in December 2010 for tax year 2010. I filed my tax return and incorrectly listed the contribution as a Roth contribution.
Can I amend my tax return to ...
2
votes
2answers
424 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 ...
3
votes
1answer
82 views
Do contributions made to an “involuntary 401(a)” count against the limit for a Roth IRA?
At work I pay into an "involuntary 401(a)" retirement plan. I'd like to also open up a Roth IRA on my own. Do the contributions I make through my work plan count against the $5000/year limit on the ...
4
votes
1answer
82 views
Can I deduct a contribution to an IRA if I also contribute to a 401(k) in the same tax year?
Can I deduct a contribution to a traditional IRA if I am also contributing to a 401(k) in the same tax year?
17
votes
5answers
559 views
How much should I be contributing to my 401k given my employer's contribution?
I realize that this is similar to at least one question here, however, there are some differentiators.
I can contribute a max of 5% of my net salary to the 401k fund. The employer matches 50% of ...
18
votes
2answers
196 views
Do traditional and Roth 401k have the same annual contribution limit?
According to everything I can find, the annual contribution limit for both traditional and Roth 401k is the same ($16500 in 2010).
Since the Roth is post-tax, doesn't that mean I can save more for ...
2
votes
2answers
197 views
What happens if TFSA contribution limits are exceeded?
When CRA says the annual limit for a TFSA is $5000, what does it mean? What happens if I put in $6000. The gains will be taxed? How exactly? Divide the gains by 1/6, then tax the 1/6 part???
5
votes
1answer
502 views
Can I withdraw Roth 401k contributions penalty-free before age 59.5?
I know that with a Roth IRA, contributions can be withdrawn penalty-free at any time. If I rollover a Roth 401k into a Roth IRA, can I do the same with the contributions made to the Roth 401k?
I've ...
7
votes
3answers
351 views
Who keeps track of my contributions to my Roth IRA?
Since withdrawals up to the amount you contributed in a Roth IRA are tax and penalty free, who keeps track of that amount? I've transferred my Roth IRA from one broker to another so the new broker ...
6
votes
1answer
269 views
U.S. Citizen's Roth IRA contributions by a resident of a foreign country
I have been living abroad for several years now, but while I was in the States, I started a Roth IRA. I would like to start contributing again, but I'm not sure how exactly to go about it. My salary ...
2
votes
2answers
131 views
Traditional IRA taxes: Are withdrawals of contributions taxed different than earnings?
Are the contributions to a traditional IRA taxed differently than the earnings when withdrawn and/or are they both considered taxable income when withdrawn? And at what rate? Capital gain or regular ...
4
votes
4answers
293 views
How do I determine how much money to put into pre-tax and post-tax retirement accounts?
Is there a good rule of thumb for determining how much money to put into each type of account? I'm not at a point where I can max both my 401k, my ROTH IRA, and my wife's ROTH IRA, so I'd like to know ...
5
votes
2answers
825 views
Can you recharacterize a Roth 401(k) contribution?
I understand that you can recharacterize Roth IRA contributions back into traditional IRA contributions by the next April 15, if you change your mind and decide it would make sense. Then you won't owe ...
8
votes
6answers
627 views
Should I try to max contribute to my Roth IRA asap?
Assuming that I can afford it: should I try to max contribute ($5k) to my Roth IRA as soon as possible in the tax year or break up the contributions evenly throughout the year?
2
votes
2answers
89 views
Should you check to make sure your employer is paying you the correct superannuation amount? [Australia]
Most people just assume their super is correct and is put in and I bet most people don't even check, but how do you really know if it's being paid?
Is there heaps of checks and balances that ...
10
votes
3answers
1k 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 ...
4
votes
6answers
199 views
What factors should I take into account when deciding how much of my 401(k) contribution should go into my Roth 401(k)?
My employer allows new contributions to my 401(k) to go in as Roth (post-tax) or "regular" (pre-tax). What should I consider when deciding how to distribute my contributions between the two?
10
votes
3answers
221 views
How much should I contribute to my 401(k)?
My employer allows me to contribute a certain percentage of my salary to my 401(k). My employer will also match a certain portion of my percentage. How much should I invest in my 401(k)? Should I ...
5
votes
4answers
144 views
I have a secured line of credit (substantial balance) as well as a retirement account. Am I wisest to pay off my debt before contributing to my retirement account?
What if it will take me 15 years to pay off my debt? Should that ALWAYS be what I pay down first?
6
votes
3answers
379 views
What are the 401K and IRA limits for next year (2013)?
Are 401K and IRA contribution limits increasing next year? If so, what are the new limits? Thank you!!
(Edit - I updated question to reflect 2013, and will update my answer accordingly)
