Questions tagged [401k]

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 a portion of it. The before-tax and/or after-tax contributions are subject to yearly limits set by the IRS. Related to the 403b and Thrift Savings Plan (TSP)

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5
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2answers
532 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
1k 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 ...
9
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2answers
1k views

How are 401(k), 403(b), and 457(b) tax-advantaged retirement plans different? How are they alike?

How are 401(k), 403(b), and 457(b) tax-deferred retirement plans different? How are they alike?
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1answer
1k 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 ...
2
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2answers
3k 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
208 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 to do ...
2
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1answer
194 views

Employer no longer withholds, how do I self administer 401k

My employer stopped withholding during some restructuring of the business entity, I already maxed out my 5k IRA contribution, I realize I can tax defer another 15k or so in a 401k... how do I simply ...
9
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2answers
1k views

401k decisions when living overseas

I have $95000 in a 401k and am now 58 years old - the money was paid in when I lived in US but I left a few years ago and now live and work outside US - I am not a citizen of US - what is the best way ...
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3answers
6k views

Green Card holder (permanent resident): Should I contribute to my employer-matched 401(k), even if I might leave the U.S. later?

I am a Green Card holder (permanent residence card) and my company offers a matching 401(k). I plan to stay in the U.S. for a long time. However, I can't control the future. If there were a family ...
6
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1answer
2k views

As a Canadian Citizen, can I move a 401k into a RRSP in Canada?

I am a Canadian Citizen and was a resident of the US for 11 years. I moved back to Canada recently and am working in Canada. I want to move my 401k to RRSP in Canada. Is this possible? What costs or ...
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5answers
601 views

Does my company's 401k plan provider matter to me?

My company is about to change the 401k provider it uses from one major provider to another. Does this matter to me, provided my company doesn't change any of it's benefits policies?
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2answers
279 views

Should I move my 401k out of money market and into equities in a down market?

I haven't done a great job at managing my 401k. All of my contributions have gone into a money market (VMMXX). I'm 40 years from retirement, so I think I should take more risk and allocate a large ...
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3answers
722 views

How do I choose 401k investment funds?

I recently opened up my 401k. I will admit, that I did not do much research in choosing my investment option distribution. Does anyone know of a good book (or other resource) to guide me in my 401k ...
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2answers
302 views

What is the maximum I can have stored in a traditional 401(k) and a Roth 401(k)?

I know there are annual limits to how much can be contributed (both from the employee and from the employer). But what about over the lifetime of the investment? If I max-out every year (say $16500),...
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2answers
108 views

Which company to roll 401k over to

Should I roll over my 401k with existing company JPmorgan or swith company to Ameriprise financial. My husbands mutual fund is with ameriprise financial . is it better to have money with two different ...
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2answers
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How do I track 401k rollovers in Quicken?

I recently rolled over an old 401k to an existing Rollover IRA I have. I'm not sure how to enter this into Quicken though. I tried a few ways with the following results: Sell the stock in the 401k ...
4
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1answer
300 views

Lower my tax withholding liability and increasing my net worth

My goal here is to optimize my net worth, not cash on hand. With the understanding that higher net worth makes access to capital easier. So tax deferred options are appealing to me, as long as I can ...
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5answers
1k 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 ...
3
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2answers
235 views

Is a pre-tax 401K, containing only treasury bonds, tax free on release?

In time-deferred pre-tax funds, such as 401K and IRAs, I understand that the contributions and capital gains tax is not paid until after they are released. In this case upon retirement/a certain age ...
7
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4answers
164 views

Can I set up a second 401(k) at my LLC?

I have a 401(k) at work. I also have an LLC. Can I start a second 401(k) and contribute an additional $16,500?
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6answers
771 views

Is my company 401k okay or should I be using an IRA?

My company does not have a matching 401k. Instead it is a profit sharing 401k. How should I approach this? Should I consider investing primarily in an IRA instead? How much should I be ...
9
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1answer
3k views

Options for a Simple IRA when leaving a job: Leave as is or roll it over?

I currently have a Roth IRA that I max out every year. My current company had Simple IRA and contributed 2% of my salary and I contributed 6000 a year. Now I am leaving the company and was hired by ...
7
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4answers
779 views

Advice on where to put money once I've hit the income limits on Roth IRA?

For the past few years I have been contributing to my company-sponsored 401k just enough to get all of their match, and contributing up-to-the-limit in a Roth IRA. I've now reached the income limits ...
4
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4answers
448 views

Why are typical 401(k) plan fund choices so awful?

I don't expect a huge number of funds to choose from in a 401k plan, but all the plans I've ever seen are loaded with funds that have outrageously high management expense ratios (MERs) and they ...
10
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3answers
13k views

How does a 401k being tax-deferred benefit me? If there was not an employer match, should I just go with a traditional IRA?

I have maxed out my 401K for the past 6 years or so, always hearing how it is advantaged. I have done researched and convinced myself it was true, but I was always under the impression that earnings ...
3
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1answer
225 views

Should I cash out or rollover 401(k) securities?

I recently changed employment and have securities in my former employer's 401(k) plan. The cash component of the 401(k) I am rolling over into an SEP-IRA. What I need advice on is whether I should ...
4
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3answers
892 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 ...
4
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1answer
7k views

Are FICA taxes applied before or after contributions to a pre tax 401k?

When I make contributions to my employer's pre-tax 401k account, are FICA taxes applied before or after making the contributions?
5
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1answer
4k views

Foreign national currently working in U.S. & investing in 401(k) plan: How will taxes apply?

I am a foreign national currently working in USA. I am considering contributing around 5K to a 401K plan (with no employer match). I intend to return to my country in a few years (when I am in my 40s)....
2
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3answers
7k views

Using bonus in a tax-efficient way with my 401k account? [duplicate]

Possible Duplicate: My bonus is taxed at a higher rate than my regular paychecks, so should I contribute 100% of my bonus to 401k? Is there any tax advantage that I can gain if I invest my bonus ...
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0answers
265 views

Are there important differences between a 401k and 403b plan? [duplicate]

Possible Duplicate: How are 401(k), 403(b), and 457(b) tax-advantaged retirement plans different? How are they alike? I work for a non profit and as such my retirement plan is a 403(b) rather ...
5
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4answers
422 views

Should a $150K mortgage @ 6% be paid off with $150K withdrawn from a 401K at retirement?

Should a $150K, 30 year mortgage @ 6% be paid off with $150K withdrawn from a 401K account at retirement?
5
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4answers
399 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 ...
10
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2answers
528 views

401(k) administration fees vs Rollover IRA fees?

I'm evaluating rolling over my old 401(k) into a self-administered IRA. I know the general costs and benefits (mostly benefits, in terms of increased flexibility, as stated here), but I'd like to see ...
6
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2answers
356 views

Best way to fund solo 401k account in cash crunch?

I'm Self-employed in the US. 2010 was a good year, and I am facing a big income tax bill. Will owe $18-20k in April. I can reduce that significantly if I max out my solo 401k at $45k. Haven't made any ...
20
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4answers
3k views

Is it better to use a 401k loan to make a down payment or to put less than 20% down?

I'm about to buy a house and am considering two options: Make a 12% down payment and pay for mortgage insurance Take out a 401k loan and make a 20% down payment I'm having a hard time finding ...
10
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1answer
508 views

Should I rollover my 401(k) into a Roth IRA in 2010, or wait until 2011?

After asking my previous question and reading about the different options available, I'm looking at rolling it over to a Roth IRA to avoid paying the taxes at retirement. Is it better to do this in ...
18
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3answers
784 views

Quit my job: What can/should I do with funds in previous employer's 401(k) plan?

I recently changed jobs, and my previous employer offered a 401k. I know I can roll that money into an IRA. Before I do anything, I would like to understand what options I have, and which option is ...
5
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1answer
475 views

Are 401k and IRAs protected the same way during bankruptcy?

I've heard that IRAs offer a better protection during bankruptcy but i can't find any information about it.
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2answers
141 views

Rules and tax impact of rolling over my work 401(k) to a self-employed 401(k)?

Title pretty much says it all. I am trying to do some work on the side and I wanted to put my current job's 401k money (which 95% of it was rolled over from a previous 401k) into my on 401k that I ...
6
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1answer
6k views

What is the difference between 401(k) accounts in the U.S. and RRSPs in Canada?

What are the major differences between the two?
3
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1answer
460 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 ...
9
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2answers
8k views

TurboTax is telling me to open an IRA now, and get a $5K deduction this year, is this a smart thing to do?

I'm 21 years old, and 2009's total itemized deduction for me is $1,908. I'm going with the standard deduction, but next year seems like it has a lot of potential to save if I open up this IRA that ...
5
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5answers
569 views

Are age-related funds a good idea (Fidelity Freedom, T Rowe Price retirement etc.)

Just curious what the consenus is on just dumping 100% of your 401k into one of the age related mutual funds. My 401k is through Fidelity and they have "FreedomFunds" which retirement dates. So I ...
5
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2answers
278 views

What expenses do 401k funds charge?

What expenses do 401k funds charge? For example, do they charge front-end or back-end loads (commission when buying or selling funds)? Also how do I find out if the 401k administrator charges a fee?
15
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2answers
633 views

Pros, cons, & differences in investing in 401k vs. IRA?

What are some of the pros, cons, and differences of investing in a 401k vs. investing in an IRA (either Roth IRA or regular)?
11
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3answers
5k 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 ...
3
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1answer
48 views

401(k) Management

I have a 401k through my employer and I am wondering what good practices are for managing it. I know a lot of people set it and forget it for years and years. Is this a terrible thing to do? How do ...
7
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1answer
6k views

Are you allowed to have both a 401(k) and a SIMPLE IRA? If so, what about limits?

Are you allowed to have both a 401(k) and a SIMPLE IRA? And what would the limits be on the combined total? I have two employers but I am maxed out at one. My understanding is that I can't use a ...
4
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1answer
195 views

What kind of traditional IRA should I use to hold funds from old employer 401K plans?

Further to another question I asked , if I am going to open a traditional IRA to hold funds consolidated from old 401K plans, what should I be looking at for the most flexibility? There are lots of ...

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