Get Answers About Retirement Calculators

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

INCOME TAX NOT WITHHELD

I received a retro active retirement direct deposit into my checking account for $1,610.00 but no taxes were withheld so what percent or how much I should I hold out for Income Tax purposes when filing next year?

Answered 12/18/2007 | Answer This | 1 Answer | 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

Retirement

I make 50,000 yr-current I will need 25% after retirement to use I have 15yrs to work average annual interest rate for the investment 12% I plan on living at least 25 yrs after retirement What are...

Answered 5/26/2009 | Answer This | 1 Answer | See Question

Military disability check and retirement

My husband retired from the military Jan 07. He receives a monthly retirement check and he also receives a disability check, Which we were told is tax free. Is this true? and do I need to include this amount on...

Answered 4/7/2009 | Answer This | 7 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

Retirement loan default

A couple years ago I took out a loan on my retirement to restructure my finances ... I have been paying back roughly $160.0o per week .. now I find myself in the same boat . accumlitated debt and now my wife is...

Answered 1/7/2008 | Answer This | 1 Answer | 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

Retirement Plan

We write checks from our checking account for retirement. In other word we are buy GE stock with already taxed money. We ran into some hard time and cashed in some of our stocks. We surely don't have to...

Answered 12/8/2008 | Answer This | 1 Answer | See Question

When do I stop filing taxes

If I only get social security and retirement disibility do I still need to file even though no federal taxes are being taken out of my check

Answered 1/24/2008 | Answer This | 2 Answers | 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

Mutual funds

I invested my retirement pension in MetLife in the year 2000. In November, I withdrew the amount left in the account, but I rolled it over into a Deferred account that I already had so it would draw more interest....

Answered 12/6/2009 | 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

Dispersement of deceased persons retirement funds.

Since my wife was her fathers beneficiary she received his final military retirement check after he died. This money was put in the estate and divided between three people, her included. She received a 1099 for...

Answered 2/5/2008 | Answer This | 2 Answers | See Question

When filing 'married filing seperately' is one spouse responsible for the taxes owed or filing errors of the other spouse?

I am currently seperated from my spoue. He has withdrawn a large amount of his retirement funds without having any taxes taken out of that money. He also has earned approx. $2,200 additional income that he tells...

Answered 2/6/2008 | Answer This | 1 Answer | See Question

401K early withdrawl

I lost my job and took an early withdrawl on my 401K. I know that it is taxed by the Federal Goverment along with a 10% charge unless used for medical reasons, but does the state of MI count that as taxable income?...

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

How can a middle aged person best reach a desired income for retirement other than company match 401k's.?

I am looking to reach a goal of atleast greater than 500,000. dollars by age 55 and i am 36 yrs. of age now.I am kind of familiar with retirement calculators,but am confident that there are some individuals that...

Answered 7/1/2006 | View Answer | 3 Answers | See Question

I just opened a 401k in oct and have a retirement plan. do these count as 'taxable interest income?' help!

i am trying to file 2007 taxes and i don't think that 401k's and retirement plans are taxable but i tried using some tax calculators and they were asking me if i had a 401k etc so i got confused. this is...

Answered 1/29/2008 | View Answer | 5 Answers | See Question