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 ArticleRollover former employe's 401k after backdoor Roth IRA conversion?
I am no longer at my former employer but I have an existing 401k plan with Vanguard through them.30% of the contributions were pre-tax. (traditional 401k)70% of the contributions were post-tax. (roth...
View ArticleCashing in personal retirement for real estate
I’m currently a 40 yr old military officer approaching 20 years of service, after which I will retire. My retirement income from my service will provide ~$60k per year for the rest of my life, plus...
View ArticleCan my employer reverse last year’s payroll and put the money towards my 401K
In January 2023, my salary was below $150K, so I bought a Tesla thinking that I can get the $7500 federal EV credit.Fast forward 9 months and my landlord increased my rent by 25%, forcing me to buy a...
View ArticleIs a "bookkeeping fee" normal for a 401k plan?
During my work years I had couple of 401 K plans with my employers. My current plan charges higher fees then any of previous plans. Recently there appeared one more so called "Bookkeeping fee" deducted...
View ArticleHow to vet a potential financial advisor to avoid being scammed?
Most of my retirement funds are currently in an account at Fidelity. I was contacted about a year ago by one of the many wealth management services out there, and through a number of telecons and...
View ArticleMinimizing or avoiding penalty for early withdrawl of IRA and 401k
A friend of mine came to US to work for few years and he is forever going back to his original country because of personal reasons. He contributed to IRA, 401k and would like to take the money with...
View ArticleI am 63 with a Heloc at 9%. Should I pull from my 401K to pay off this high...
I am 63 with a $37,000 dollar Heloc at 9%. Should I pull from my 401K to pay down this high interest Heloc and start putting the extra money away to build my savings. We have $950,000.00 in our 401k's...
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 ArticleSingle employer 401k excess contribution
I maxed out my pre-tax 401(k) earlier this year. I had already used up my entire employer match, so the remaining money flowing into the account was after-tax. When I looked at my most recent...
View ArticleRoth conversion as Canadian Resident
I am soon planning to move to Canada and take up a job in Canada for next 2-3 years. During my US journey of 10+ years, I have funded my 401k and Traditional IRA.I would like to know can I do Roth...
View Articledoes the 401k 12 month loan limit reset with a new plan
Thank you in advance for any advice!Pretty simple question:I have an existing plan with my previous employer, I am no longer with them.I have a outstanding loan on that plan.I am setting up a new plan...
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...
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