Archive for the ‘401k Answers’ Category
How Long Do You Have To Deposit 401k Funds Withdrawn From One Account To Another?
I want to move my 401K from my previous employer to my current one. Once I withdraw the funds, how long do I have to place them into a new retirement account? Can I also keep out some of these funds (I understand that this amount kept out will be subject to taxes and penalties)?
How Much Is Your 401k Taxed When You Liquidate It?
I am leaving a company and have $4,988.00 in my 401K and would like to cash it out.
Is There Any Advantage To Rolling My 401k Into A Rollover Ira Instead Of My Existing Traditional Ira?
I have an existing traditional IRA and two 401k’s from previous companies. I’d like to consolidate accounts.
Is there reason I should roll the 401k’s into a rollover IRA instead of directly into my existing traditional IRA?
Are there any consequences regarding maybe later converting the IRAs to Roth IRAs later?
What’s The Difference Between Withdrawing Your 401k And Taking A Loan From Your 401k?
Is it possible to take a loan from your 401k with out having to pay taxes on it till 2010 taxes.
What’s A Good 401k Allocation Mix For These Current Times For A 45 Year Old Person?
We recently got a new 401K and need to decide our allocation mix between large caps, foreign and bonds. Not sure if I should take the current economic situation into consideration or just stay the course. Thanks!
What Is The Procedure To Use My 401k Funds To Pay For My College Expenses ?
I am planning to work in my current position for two years and then go to school for a full time MBA graduate degree. Can I contribute to my company’s 401k plan now and then withdraw the amount after 2 years to fund my college expenses without being subjected to the additional 10% penalty ? For this to happen, do I have to roll over the 401k savings to an IRA first, and then make the withdrawal for college expenses ? Are there any expenses involved in this process ?
Is There A Max Amount You Can Contribute To 2 Seperate 401k Accounts If You Are Married Filing Joinly?
My wife’s company just added a 401k and I am considering contributing to it but was wondering if there are limits to max 401k contributions if we file married/jointly? I currently max out my 401k account and I know with our combined income status IRA contributions are no longer tax deductible so I am worried adding to her 401k will bring the same limitation.
What’s A Good 401k Allocation Mix For These Current Times For A 45 Year Old Person?
We recently got a new 401K and need to decide our allocation mix between large caps, foreign and bonds. Not sure if I should take the current economic situation into consideration or just stay the course. Thanks!
Should I Quit Contributing To 401k And Put The Extra Money I’ll Get Paid To Pay Off Debt?
I owe 37k on a home equity line of credit, and another 22k on a car loan. The interest rates on those loans arent that bad (7% and 8%) but I am paying a lot in interest every month. I have been putting the max (15%) of my paycheck into 401k. Does it make sense to reduce my 401k contribution to 1% (so I get the company match) so I can pay off loans faster?
Should I Quit Contributing To 401k And Put The Extra Money I’ll Get Paid To Pay Off Debt?
I owe 37k on a home equity line of credit, and another 22k on a car loan. The interest rates on those loans arent that bad (7% and 8%) but I am paying a lot in interest every month. I have been putting the max (15%) of my paycheck into 401k. Does it make sense to reduce my 401k contribution to 1% (so I get the company match) so I can pay off loans faster?