Get Answers About 401k

401K reduction of wages

Question: In the past the 401K contribution reduced all taxable wages dollar for dollar except OASDI and FICA. Is this still the correct statement. Thank You Geoff Rabjohn

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

I'm 60 years old and have two separat 401k accounts. One from my current employer and one from a previous employer. Can I wit...

Have two 401K's. One from a previous employer. Can I withdraw money from the old employers while contributing to the current one? I'm 60 years old.

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

Where can i find quadro forms to fill out and what other papers do i need?

Im recently divorced and awarded the 401k. can i do this without a lawyer?

Answered 8/30/2010 | Answer This | 2 Answers | See Question

How do I draw out my 401k money right now

How do i draw out my 401k money now?

Answered 8/30/2010 | Answer This | 2 Answers | See Question

Can my husband roll his 401k over into my 401k when he changes jobs? His new employer does not have a 401k.

My husband changed jobs a year ago and has funds in the old employer's 401k plan. His new employer doen't have a 401k. We make too much to do an IRA.We would like to consolodate his 4oik with my current...

Answered 8/29/2010 | Answer This | 7 Answers | See Question

401k loan

I am 66 years old but still working full time. I am planning to get a loan from my 401k. My question is, do I have to pay back the loan, or am I allowed to get a partial amount without paying it back?

Answered 8/25/2010 | Answer This | 3 Answers | See Question

401k loan repayment

I took out a loan from my 401k a couple of years ago and last year the facility closed where I worked. I'm now unemployed. I decided to take out the remainder of my 401k. The question is will the company...

Answered 8/25/2010 | Answer This | 5 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

401K Loan

My position was abolished. I have a loan balance of approx $10,000.00. I wanted to rollover my 401K, but noticed that the loan balance is being taken away from my 401k balance. Should I roll over my 401K or...

Answered 8/25/2010 | Answer This | 3 Answers | See Question

Can I take the Employer Match amount out of my 401K in my divorce settlement since I didn't actually pay that amount. Under ...

I am in a divorce and my husband wants half of my 401k because he didn't put any in his. Can I take the Employer Match amount since those are funds that I didn't put in.

Answered 8/19/2010 | Answer This | 2 Answers | See Question

Individual 401k - solo 401k - sep ira?

I've recently become self employed and have a 401k at my old job. I just started doing research on self employed retirement plans like the SEP IRA and individual 401k. I found some good information about them...

Answered 11/20/2006 | View Answer | See Question

Roth 401k vs 401k? should i open an roth ira?

So my company offers me both Roth401k and 401k. I can put up to 30 percent whether its 15/15 on both or the full 30 on one of them. Which plan should I do IF I'm 22 and making 70k annually. Also I have no debts...

Answered 12/12/2007 | View Answer | See Question

Limits: 401k, roth 401k, ira, roth ira?

Hi, can someone help with these limits... assuming the person is under 50. 1. 401K: $15,500 per year? 2. Roth 401K: Unlimited? 3. IRA: $4,000 per year? 4. Roth IRA: Unlimited? Thanks a lot!

Answered 10/22/2007 | View Answer | See Question

How can i figure out the real cost of a 401k loan?

This is only for people who know about 401K and 401K loans. Kiddies, scammer, and beggars - stay out or you'll be reported. The money that goes into 401K loan is pre-tax. Say I take out $30K as a loan at 10%...

Answered 10/6/2006 | View Answer | See Question

Roll former employer 401k to current 401k or ira?

I have a decent amount of money in a former employer 401K plan. Should I roll it all to my current employers 401K plan, roll it into a Rollover IRA or split it to both? And if I pick the IRA, should I elect to...

Answered 4/2/2008 | 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

Division of 401k and refinancing house in divorce?

I am currently in the process of getting divorced and I am trying to buy out my house from my husband. Here are the facts: We paid $270K about 12 years ago. We refinanced many times, at this point the house...

Answered 7/7/2006 | View Answer | See Question

401k & rothira for resident becoming non-resident.?

I’ve worked in the USA for 3 years. I’m about to end employment here and go back to Europe to work for a different company. Question: what to do with my 401k . My plan: 401K to RollOverIRA to RothIRA. In 2008...

Answered 2/20/2008 | View Answer | See Question

Can i contribute to my 401k and a roth ira?

I have $4000 in my roth IRA for 2006; and another 4M for a 401k.. Does a 401k count as an IRA? Because the 401k money has already been taken out of my paycheck and is not part of my w-2 wages. But do I claim...

Answered 4/18/2007 | View Answer | See Question