New answers tagged

0 votes

401K Rollover Tax Question

Absent cooperation from your 401k plan, you'll need to go back to your contributions and calculate how much after tax contributions you've made. It should be reported on your payslips and 401k ...
littleadv's user avatar
  • 174k
1 vote

I am 63 with a Heloc at 9%. Should I pull from my 401K to pay off this high interest Heloc

I don't have a simple answer. Taking a loan from the 401k is generally a bad bet since it costs you the tax-advantaged growth of that money. But this close to retirement... I'd say the answer depends ...
keshlam's user avatar
  • 46.5k

Top 50 recent answers are included