Questions tagged [contribution]
Money put into retirement plans, political campaigns or charities are known as contributions. Questions here may be around the limits of how much one can contribute in various situations to various plans they may access.
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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I know that with a Roth IRA, contributions can be withdrawn penalty-free at any time.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 ...
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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?
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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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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 ...
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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 ~$35,...
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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?
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How are employer matched contributions handled in rollover from Roth 401k to Roth IRA?
I recently asked this question: Can I do a Roth 401k rollover to Roth IRA and withdraw contributions I've made this year?
In there, one of the answers pointed out that employer 401k contributions ...
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What is the logic behind a 50% of X% 401(k) contribution match?
In the situation where an employer is contributing a match to a 401(k), apparently a common formula is to match 50% of employee contributions up to a percentage of their salary. I have also seen this ...
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Are 401(k) contribution limits for employee & employer separate? What about hitting the limit?
I am 29 years old and have a 401(k) already with my company. I just started contributing 10% to my 401(k), up from my 8%. My company does not match but they do put 10% of my salary into my 401(k) as ...
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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 ...
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Can a year-end true-up employer match exceed the 401(k) maximum contribution, in which case the employee would past of their 401(k) contributions?
In some firms, the true-up employer match for year X is received the next year (i.e., year X + 1), but it counts toward the 401(k) contributions for year X.
One of the main reasons why the employer ...
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How do Ontarians calculate optimal RRSP contribution?
Pls see my dad in Ontario's facts. He maxed out his TFSA, and his annual pre-tax income (henceforward "APTI") is $50K. CRA website shows his 2019 RRSP deduction limit is $100K.
If I ...
user40269
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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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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 ...
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If I have a 401k for a partial year can I still contribute the maximum amount?
I will only have a 401k for part of this year. Am I still able to contribute up to the maximum contribution limit ($18,500 in 2018 this year) even though I only will have the plan for part of the ...
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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 ...
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How does one get the 401(k) max contribution of 57K?
My understanding is that the max individual contribution for 2020 is $19,500.
If employer match is 100%, that gets us to a total of $39,000.
How does one max out the combined employer/employee ...
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Does employer matching count toward the yearly 401(k) limit? [duplicate]
The federal government limits how much I can put into a 401(k) per year. For 2017, I think it's $18,000. Is this just my contributions, or does it count employer matching?
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Already did my taxes for the year 2013 and received my return. Can I still contribute to my Roth IRA for the year 2013?
So I already did my taxes this year and received my return. I am curious if I am still able to contribute to my Roth IRA for the 2013 year even after having done so, as I understand you can contribute ...
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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 ...
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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. ...
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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 ...
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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 ...
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Can I withdraw a non-deductible traditional IRA contribution without penalties in the same tax year?
I just spend two hours going through IRS Publication 590a, and reading all related question here and in some other places (none matched this question exactly).
Situation: X is over 50 and ...
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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 ...
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Can I still contribute to a Roth IRA?
So, I have never contributed to Roth IRA or had an account.
I recently started with getting some financial knowledge and got to know that I can still contribute to Roth IRA for 2019 (till July 15, ...
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Exempt income and Roth IRA contributions
So I am a student and will be making less than 6 thousand dollars this year, and so I'll be exempt from taxes. Can I use some of the money I make to contribute to a Roth IRA?
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Is an in-kind transfer of existing shares into a Stocks and Shares ISA allowed, i.e. without selling + repurchasing?
Normally, the way to fund a Stocks and Shares ISA is to transfer money in, taking care to stay below the annual limit, and then purchase the stocks or funds from within the ISA.
What happens, though, ...
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Implications of withdrawing Roth IRA contributions before age 59?
What repercussions, penalties, fees, or additional taxes exist on withdrawing contributions (basis) from a Roth IRA account under 59 years old?
For example, suppose I have contributed $5,500 for 5 ...
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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?
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Should one max out one's 401(k) at the beginning of the year?
Assume that:
The employers catch up on the missing match at the end of the year, via as year-end true-up contributions. Should one max out one's 401(k) at the beginning of the year?
I have no idea ...
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Assuming you really wanted funds in your 401k, doesn't paying interest in a loan accomplish that, even though it is post-tax funds
Although paying off a loan to your 401k most likely comes from post-tax sources, if you merely wanted to move more money into your 401k than would otherwise be possible, doesn't this accomplish that?
...
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