Get Answers About 401k

Additional Income

I need to know if accept a payment from my after tax contributions out of my 401K, if it will cause me to pay taxes? The amount is $14,200 approx. how do I figure that out?

Answered 11/17/2008 | Answer This | 1 Answer | See Question

401K withdrawal

Can you withdraw funds from a 401K at any time due to a terminal illness?

Answered 10/13/2009 | Answer This | 2 Answers | See Question

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 11/6/2009 | Answer This | 1 Answer | See Question

Taxes and Penalties on 401k early withdrawal for new home

If I withdraw my 401k to purchase a house would I still be subjected to the 10% penalty and taxes or just taxes?

Answered 12/12/2009 | Answer This | 1 Answer | See Question

401 k plan

I had a loan on my 401k and i defaulted on the payments while on sick leave and the loan was turned into a withdrawal on a 1099 in 2003 but my 401k is still showing the loan and charging interest. Is this how...

Answered 8/26/2009 | Answer This | 1 Answer | See Question

401k contributions

How much can I contribute to my 401k and not be taxed.

Answered 12/28/2007 | Answer This | 2 Answers | See Question

401K contribution

Do employers have to match 3% when the employee contributes 3% or more of their yearly income to their 401k?

Answered 12/28/2007 | Answer This | 1 Answer | See Question

If you invest your 401k withdrawal, and the company you took the money from goes down. what is your rate.

I want to take money out of my 401k and invest it in my personal buisness. The company holding my 401k savings looks as if they might go down. What will be my rate if the company does go down. 20% or 10%

Asked 8/5/2009 | Answer This | 0 Answers | See Question

401k early withdrawal

I withdrew my 401k earlier this year and took the early penalty and had income taxes withheld. How do I file this on my income tax for this year?

Answered 10/12/2009 | Answer This | 2 Answers | See Question

401k

How many years do I have to report 401k withdaw

Answered 1/2/2008 | Answer This | 1 Answer | 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 | 3 Answers | 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 | 4 Answers | 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 | 2 Answers | 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 | 4 Answers | 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 | 2 Answers | 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 | 2 Answers | 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 | 3 Answers | 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 | 1 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 | 2 Answers | See Question

My former employer is holding my 401k hostage - what can i do?

I quit my full time job in August 06 due to the fact that the employer owes me over $10k in wages (a whole seperate issue!). I submitted the rollover form for my 401k to the 401k company right away. They came...

Answered 10/20/2007 | View Answer | 5 Answers | See Question