Get Answers About 401 K

I am 61 years old and i want to withdraw my all of my 401 k from a past employer.

Will i have to pay the 10% penalty if i don't roll it over to a new ira plan. What if i need the $ now to fix up my home to sell it?

Answered 9/1/2010 | Answer This | 2 Answers | See Question

I have aprox 50000 in 401 k with 25000 loan can i close the account paying off the loan?

My by weekly payment is 350 if we go on strike do they take the loan payment out of my total or what?

Answered 8/25/2010 | Answer This | 4 Answers | See Question

401k loan repayment

I have a loan for half of vested amount in 401 k. There is a good posibility that I will be required to go on disabilty due to health problems.(I am only 50 yrs old). Will the loan amount left be taken from...

Answered 8/25/2010 | Answer This | 1 Answer | See Question

401 k emploer match

If the employer says they will match your 401 k do they legally have too

Answered 6/23/2010 | Answer This | 1 Answer | See Question

How much in 401 k typical for retirement average?

Answered 6/19/2010 | Answer This | 2 Answers | See Question

401(k) withdrawal tax amount

How would the taxes be for early withdrawal for an under 55 person closing out of 240K?

Answered 6/15/2010 | Answer This | 1 Answer | See Question

In March of 2010 I will be 70 1/2 years old. I want to receive my entire 401k and 457 all in a lump sum. I understand that ...

In March of 2010 I will be 70 1/2 years old. I want to recieve my entire 401(k) and 457 all in a lump sum. I understand that I can leave them until April 1, 2011. Is this correct ?

Answered 6/5/2010 | Answer This | 1 Answer | See Question

401 k

I am trying to figure out what my 401 k will be worth. i make 30,000 a yer and expect a 3% raise each year. i will put in 6% to my 401 k and my employer will match it.

Answered 6/4/2010 | Answer This | 1 Answer | See Question

How much in 401 k typical for retirement?

Asked 5/31/2010 | Answer This | 0 Answers | See Question

Husband used false information to ge 401k loan is this a crime?

My husband took out a loan out of the 401 k for $15,000.00 he lied and stated he was single and he got the money he changed his status back to married, is this a crime if so what can i do about it and will i...

Asked 5/18/2010 | Answer This | 0 Answers | See Question

Traditionarl 401k or roth 401(k)?

I'm 23, just finished college and started working. My employer offers a 401k or a Roth 401 (k) plan and I don't know which way to go. I'm thinking about going with the Roth, because I plan on making...

Answered 11/13/2007 | View Answer | See Question

401 k lump sum payout. worked/lived in md, then moved to va. is 401k taxed for state as well as fed?

Last year I lived in MD and had a 401 k with my company. I then got a new job in May 2007 in VA so.... I quit my MD job, and moved to VA. Within a month (June) I decided to cash out that 401 k from my old company...

Answered 2/15/2008 | View Answer | See Question

If my husband has a 401k at work and i am older and retire before he does,can some of the 401 k be taken?

Answered 10/8/2007 | View Answer | See Question

Question about the solo 401 k retirement plan for self-employed?

I have run a consulting business full-time for the past five years. I now want to accept a great opportuntiy to take a full-time job that requires me to shut down my business. In fact, a client wants me to go with...

Answered 7/26/2007 | View Answer | See Question

401(k) lump sum distribution state tax?

I am a full year resident of MA, I worked in RI for 5 years and when I left the job I cashed out my 401(k). Do I have to pay state taxes to RI for the 401k distribution ( I will be paying MA for it)

Answered 4/17/2007 | View Answer | See Question

Can a 401(k) impact college financial aid?

I currently have a 529 plan through New York State for both of my children. I have a 403b (401k for non profit). I was thinking that I would love to start 401(k)'s for my children who are 2 and 4 years old....

Answered 6/7/2007 | View Answer | See Question

401 k tax question?

I"m working on my income taxes and have two questions. First of all do I report the money in my current 401 k plan, if so where, i"m using 1040 A form ? Second question, I compeleted a 401k rollover from...

Answered 2/25/2007 | View Answer | See Question

About 401 k?

i worked for this company almost 2 years and they put 50 cents an hour into my 401 k . so i worked about 50 to 60 hours a week for the last two years and a few days ago i called that company to check my balance...

Answered 4/2/2007 | View Answer | See Question

Max out 401(k), or add in index funds?

Assume a situation where a mid 30's adult can invest 15% of their yearly salary. They work for a company who's match for 401k is 6%. Assuming the individual is not eligible to contribute to a Roth IRA,...

Answered 2/5/2008 | View Answer | See Question