Get Answers About 401k

401k plan withdrawal

I no longer contribute to a 401k plan and withdrew funds. I am over 59 1/2, still working and my employer had to make a 3% top heavy contribution for 2011. What happens to my share of that money?

Answered 5/7/2012 | Answer This | 1 Answer | See Question

I am currently 59 1/2 living in california,at 62 I intend to use my 401K as a home down paymentin oregonwhat % tax/penalties

I am currently 59 1/2 living in california,at 62 I intend to use my 401K as a home down payment in oregon what percentage of my 401k can I expect to loose to taxs and penalties, is there a tax break when the money...

Answered 5/7/2012 | Answer This | 1 Answer | See Question

I am 68 years old, withdrew my 401k plan money, am still working and will be getting 3% top heavy contribution for 2011. wh

Iam 68 years old, withdrew 401k plan money, am still working and employer has to pay 3% top heavy contribution for 2011 top heavy stauts. What happens to that money?

Asked 5/6/2012 | Answer This | 0 Answers | See Question

401K withdrawal at age 62

Do I have to pay an early withdrawal penalty if I withdraw funds from my 401K at age 62

Answered 5/5/2012 | Answer This | 11 Answers | See Question

Can i pay off my house with out taxes?

Can i use 401k money tax free to pay off a primary residence?

Answered 5/2/2012 | Answer This | 3 Answers | See Question

Hardship withdrawal after closing date of purchase

Can I still qualify for a hardship withdrawal 2 month after closing the purchase of a house? Buying the house cost more than I planned. I did not know that I was elegible to get a hardship withdrawal to cover...

Answered 4/26/2012 | Answer This | 1 Answer | See Question

Is a loan and a withdrawl the same

Is a 401k loan the same as a withdrawl

Answered 4/23/2012 | Answer This | 3 Answers | See Question

401K Help Please.....

I recently took out a 401k loan for $2500, vested balance is stating $10,000. Due to an overseas move I am terminating employment and wish to cash out, employer does not contribute anyway. Question being will...

Answered 4/21/2012 | Answer This | 1 Answer | See Question

Are there any situations where a withdrawal from a 401(k) to gift to children would not be taxable?

Are there any situations where a withdrawal/distribution from a 401(k) by a 70 year old owner for the purpose of gifting to children would not be taxable to him?

Answered 4/20/2012 | Answer This | 1 Answer | See Question

Do I have to tell the bank if I'm getting a loan for a mortgage that I took out a loan on my 401k already?

I was wondering if I do tell them will I have to put it all towards the mortgage or could I use some of it for the down payment and the rest towards fixing the house the way I want it?

Answered 4/19/2012 | Answer This | 3 Answers | See Question