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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What is a Mega Backdoor Roth IRA?

The so-called "Mega Backdoor Roth IRA" was coined in the following article in 2014: I don’t hear about new ideas very often, but here is one that a few people might find very useful. I call it the “...
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How can one convert, penalty-free, a traditional, pretax 401(k) to a Roth IRA, without being 59.5 or leaving one's job?

I wrote in one question (mirror) that: A traditional, pre-tax 401(k) may be rolled over to a traditional IRA or Roth IRA if older than 59.5-year-old or if leaving one's job. Someone commented ...
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401K Market Timing

I was recently reading a question regarding protecting your 401K from stock market drops and I got me a bit more curious about timing the market. We know that at some point there will be a large ...
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Does it matter if one company matches 100% of your 401k contribution vs another company matches only 50%?

Let's say the base salary is $150k, if company A matches 100% of your 401k contribution, but up to 4.5% of your pay. So it is $6750 per year. If company B matches 50% of your 401k contribution, but ...
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Process of 401k loan removal

I understand that me taking a 401k was not a good idea so please as much as I know people want to tell me that I already know. I made a mistake...and did take a 401k loan out of my current employer. ...
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What is the “Taxable portion of a conversion” in a roth IRA?

From here, under "Treatment of Distributions". In particular, let's assume I have some funds in Traditional and Roth 401(k) and IRAs. Now, let's take a year when I make no income and I decide to ...
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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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