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...
View ArticleExcess 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...
View Article401K 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...
View ArticleIs 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...
View ArticleIn 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)...
View ArticleI 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
View ArticleTax 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...
View ArticleConfused 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...
View ArticleAre 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...
View ArticleDoes 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...
View ArticleDouble 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...
View ArticleWhat 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...
View ArticleIf 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...
View ArticleDoes 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...
View ArticleDoes 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...
View ArticleWhat 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...
View ArticleCan 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...
View ArticleIs 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...
View ArticleExcess 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...
View ArticleDo 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)...
View ArticleShould 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...
View Article401k 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...
View ArticleGetting 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...
View ArticleAftertax 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...
View ArticleFICA 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...
View ArticleWhich 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...
View Article401(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,...
View ArticleHow 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...
View ArticleWhat 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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