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Retirement benefits vs. better salary/health insurance

I'm a research scientist and postdoctoral fellow in a US government lab. Currently, my position is funded through a DOE-run organization as an educational/training position. The salary is good for my...

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Excess deferrals to after-tax, non-Roth 401k (just happened this paycheck) –...

It’s hard to google this/find this specific situation for advice.My last paycheck deferral on to my 401k (on 12/8/2023) resulted in exceeding the yearly maximum employer + employee = $66K limit. (2...

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401K Rollover Tax Question

I recently rolled over my employee 401k to an IRA at a different financial institution. In that 401k, I had made both taxable and nontaxable contributions. Since retiring, I’ve been receiving required...

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Is term or whole life better?

So this is all very confusing to me I don’t understand the difference and what I need. I am a 48 year old female of average health. One dependent child. Trust age is offering me 20k whole life for $47...

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In Service 401(k) Rollover

The IRS seems to allow one 401(K) rollover to IRA per 12 month period BUT does anyone reading this have a good feel for what percentage of 401(k) plan administrators allow "In Service" 401(k)...

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I am an US immigrant before but left the country I would like to withdraw may...

How will I withdraw my 401k?I don't have any information left, washed out by the storm august 19, 2013

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Tax on Company Stock held in 401(k) plan when doing a Roth Conversion

I recently changed employers and I want to do remove some funds from the old employer's 401(k) plan and transfer it into a Roth IRA account with Fidelity that I also just opened. The thing is a portion...

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Confused About the Use of Bond ETFs in Target Date Funds instead of Raw Bonds

I’ve been investing in my company’s 401(k) for a while now, and since I didn’t know much about the financial market when I started, I just went with the default option: a target retirement date fund...

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Are there any assets you can invest your retirement accounts in that take...

I have various retirement accounts (e.g. Roth IRA, 401k) that I have no intention of withdrawing money from until I reach retirement age, which is multiple decades from now.But it seems like the most...

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Does borrowing from my 401(k) make sense in my specific circumstance?

I know the standard answer and understand that I will be losing out on that compound interest, but I am young and only need to borrow a few thousand. here are some more details:Need to borrow $6500 to...

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Double entry process for 401k account exchange

I'm entering journal entries for hledger for a 401k account and have questions about how it should work when an account goes through an exchange (I'm not sure what it is exactly; I guess the finance...

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What does Personal/Internal Rate of Return mean for a 401k?

My 401k statements show a "Personal Rate of Return" (also called Internal Rate of Return), and I am curious what this actually means.Does this indicate how my funds are performing in the market? Or is...

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If I have two 401k accounts is it smart to roll one over into an Roth IRA...

Currently working 2 jobs and have 2 401k accounts.I am not hitting the tax limit for both but my question is what should I do?I have my 401k from Company A, which has a 6% match and I am paying...

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Does borrowing from 401K count as personal debt?

I am trying to put together some downpayment for a house purchase. My 401K provider allows borrowing from it before retirement, as long as it is used towards purchasing primary residence.My question...

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Does the “15% into retirement” rule include employer contributions?

I keep seeing that you should be putting 15% of your income (link2, link3) into a retirement account. Does that include the employer match? For instance, if my employer has a 4% match, do I still put...

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What kind of traditional IRA should I use to hold funds from old employer...

Further to another question I asked , if I am going to open a traditional IRA to hold funds consolidated from old 401K plans, what should I be looking at for the most flexibility? There are lots of...

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401k Calculation Accuracy

Here's the formula I'm working with for forecasting my 401k:where t is in years, P(0) denotes starting principal, r denotes average annual rate of return, and c_i denotes biweekly contributions I make...

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Can I set my federal withholding to $0 in 2025 for my 401k distribution if I...

Starting 401k distributions in 2025. Won't owe any federal taxes in 2024. Can I set with withholding to $0 based on "safe harbor" rule (100% of last year or 90% of this year, whichever is less) and...

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Is it ever a good idea to withdraw early from IRA/401K to pay off mortgage?

We purchased a home 2 years ago for $975K. My interest rate is 6.3% so my mortgage is $4900/mo. Currently I owe $640K on the home. My wife lost her job recently and with only one income at the moment I...

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Excess contribution to 401k

Last fall, I changed jobs. Shortly after, I rolled over my 401(k) from my previous employer into a rollover traditional IRA. Later, I rolled traditional IRA into my new employer's 401(k) plan. Now the...

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Do retirement account managers make money on delays and market volatility?

Suppose you decide to liquidate your 401(k). The account managers seem to give themselves 1-3 days to process such requests. Within such a time window, there can be market volatility of (I would guess)...

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Should I Move Retirement Accounts If I Leave a Company? [duplicate]

I realized that I have multiple retirement accounts from past employers. They each have some money in them, but I suspect they'll never really increase much because I'm not putting any new money into...

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401k Hardship withdrawal (First home), without buying home?

Not saying this is a good idea, but honestly it was something I was just curious about.My and other 401(k) plans allows you to withdraw from your 401(k) before 59 years of age for "hardship" for the...

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Getting 401(k) match from two employers with maxed-out contributions

At the beginning of the year, I maxed out my 401(k), contributing $23,500 pre-tax, $34,750 after-tax, and my employer matched the first 50%, contributing $11,750. The total is $70,000, the max total...

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Aftertax Contributions - Max Roth 401K Amount?

I contribute the yearly max ($23.5k) to my pretax 401k account. I recently setup after tax contributions through the same employer retirement plan. The after tax contributions are immediately converted...

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FICA Taxes On Retirement Account Aftertax Contributions

My employer provides a retirement plan that allows for 401k contributions, employer matches, and after tax contributions. The after tax contributions are immediately moved to a Roth 401k inside of the...

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Which Retirement Accounts Should I Prioritize: Roth IRA, 401(k), or...

I'm starting to plan for retirement and am unsure about which account types to prioritize for contributions to maximize tax benefits and growth. I have a moderate income and currently work for a...

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401(k) Early Withdrawal Rules

I recently read this article from Empower about early withdrawals from a 401(k) plan before age 59½. I was surprised to learn that such withdrawals are only permitted if allowed by the specific plan,...

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How to Negotiate Base Pay for 80/20 Split and No 401k Match

I was laid off by my former employer and gratefully received a job offer today.My total compensation at my former employer was $168K base + bonus. Last year total compensation was $175K.The new job is...

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What are the tax implications of an employer 401k match that is delayed into...

I retired last year.Today an unexpected deposit showed up in my 401k account from my old employer into an account I though was closed because I had rolled over the entire balance to an IRA with a...

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