Get Answers About 401k Investment

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

IRA Investments

Any advantage to dividend-producing, tax-free investment in an IRA (munis), that is already sheltered from taxes until distribution, or is the advantage for a taxable investment?

Answered 8/11/2009 | 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

Jan

Can i deduct a loss on the sale of a home against either my regular income or investment income on either state or federal tax returns?

Answered 12/19/2007 | 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

What is my legal responsibility for paying back on an investment gone bad?

I borrowed some money from a friend under the assumption that it was an investment and they would receive a return of 30-40% at the end of a 45 day time period..when i was unable to repay the money I offered to...

Answered 8/28/2008 | Answer This | 2 Answers | See Question

IRA Investment - do i have to pay taxes to close the mutual fund?

I have an ira mutual fund and am now receiving a quarterly check. I would like to take that fund and pay down a mortgage on some investment land that I now own. I am 71 years old. Is this investment possible...

Answered 11/25/2009 | Answer This | 1 Answer | 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

Investment property won't sell-Help

I have a "flip house" that won't flip. I am losing my shirt. I will have to sell at a loss,if at all. Can I get out legally, before it's too late. I have great credit now, but I can't dig...

Answered 8/30/2008 | Answer This | 3 Answers | See Question

401K

My husband has a 401K plan at work but the employer doesn't match so it isn't growing very fast. I know you get taxed if you withdraw this. My question is would you just stop contributing to the 401K...

Answered 8/30/2008 | Answer This | 2 Answers | See Question

Investment property write offs

If you live in NY state and own property in another state in the US, can you write off the money you put into the invested property in your home state, NY or on the Federal income tax?

Answered 12/6/2009 | Answer This | 1 Answer | See Question

Legal Resources for purchasing a faulty Pellet Stove for heating a residence

We purchased a pellet stove in August in hopes that our investment would help save money on heating cost and be cleaner for our environment. Not even getting one season out of our nearly $4000 investment, our...

Answered 8/4/2008 | Answer This | 2 Answers | See Question

Tax on income from investment

I am interested in investing $100k on rights to a oil well. The lifespan of the well is 5-10 years. I should recover my investment in approximatly 3 years, then profit for the remaining life of the well. I have...

Answered 1/7/2009 | Answer This | 1 Answer | See Question

Stock Investment,,, loss carry over

I still own a few stocks left over from the rush of dot com tech stuff. I' was hoping they would do better over time,,but they still suck. Right now my loss is about $20,000. If I sell them this year,,,I've...

Answered 1/20/2008 | Answer This | 1 Answer | See Question

Turbo tax deluxe

Can I use turbo tax deluxe version if I have a 401K, or do I need to get the premier version?

Answered 1/27/2008 | Answer This | 1 Answer | See Question

401K total distribution

I cashed in my 401K in 2007. I did have federal & state taxes withheld from it. I have received a form 1099-R. Where or how do I file for this on my 1040? The form 1099-R looks just like a W-2. It shows the gross...

Answered 1/31/2009 | Answer This | 1 Answer | See Question

401k investment?

Best Practices for 401k Plan Investment. I am 32 years old and just started my 401k last year. I seamed to do ok with a return of 18%, but I have given it all back in he first few weeks of this year. I have...

Answered 1/11/2008 | View Answer | 7 Answers | See Question

401k investment?

If I want to have a decent amout of $$ when I retire what kind of investments should I do in m;y 401k. If I invest 10 percent of my income, will this be decent? Mind you I am only 21, But I want to start my 401k...

Answered 12/4/2006 | View Answer | 5 Answers | See Question

401k investment question- please read?

I am 23 and will soon be finishing up my bachelors degree. I almost have a job lined up. Starting pay will be about 40-45K a year(not horrible money). What I am wondering is what percentage of my income I should...

Answered 6/19/2007 | View Answer | 8 Answers | See Question

Do i have to claim 401k investment earnings on my tax return?

I think I earned about $90 on my 401K portfolio from my summer internship. Do I claim that and if so, where?

Answered 4/12/2007 | View Answer | 5 Answers | See Question

401k plan - reaching maximum investment?

I'm close to reaching my 401K maximum investment of $15, 500 for the year. Afterwards, I can invest post tax money into my 401K. Does is make sense to decrease my pre-tax investment from 30% per pay check...

Answered 4/26/2007 | View Answer | 5 Answers | See Question

Help with american funds investment for 401k?

My company uses American Funds for 401k and matches 4%. I have 4% in pre-tax contribution and 6% in after-tax roth contribution. Is this a good way to start? For American Funds investment I have the following...

Answered 10/23/2007 | View Answer | 1 Answer | See Question

Can i move 401k investment from the us to canada?

I used to live in the US but moved back to Canada in the last year. What to do with my former US employer pension plan?

Answered 3/2/2007 | View Answer | 1 Answer | See Question

What is average return on 401k investment for the average person for the average amount of time.?

average contribution,average amount contributed,average time left in 401?

Answered 1/11/2007 | View Answer | 4 Answers | See Question

What is this information that i have been hearing about 801k investment like 401k?

ive heard things about a new investment like the 401K plan, but its called a 801K plan. know what its about?

Answered 1/14/2008 | View Answer | 4 Answers | See Question