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Can I regularly direct funds to a different retirement account?
I don't like my company's retirement plan sponsor. I feel their array of investment options are quite poor (poor because they don't have many options, their expense fees are high, and they don't offer...
View ArticleDoes the pro rate rule on taxes for backdoor Roth IRA conversion apply if you...
This is a follow up of the question here about rolling over traditional IRAs to 401k.The pro rata rule looks at the amounts in all your traditional IRAs when you do a backdoor Roth conversion. Does it...
View ArticleNet unrealized appreciation only applies to pre-tax 401k?
I just want to confirm that NUA only applies to pre-tax 401k because a post-tax 401k/ira doesn't have any taxes for withdrawals. Or am I misunderstanding something?
View Articlepending recession: keep money in 401k or savings account?
Husband and I are on Social Security.I have a 401k of about $225K, not a lot.With the impending recession, probably during Q2 2023, husband wants me to withdraw $$$ (e.g. $8K) from 401k and put it into...
View ArticleHow to 'recession-proof' a 401k (least risky investments)?
A 401k can have risky and less risky investments.What are recommended as the least risky investments within a 401k within the USA??Presently most of the 401k is in conservative funds (PHYZX,...
View ArticleHow to balance paying off student loans with 401k contributions when employer...
I've regularly heard the best advice for a young professional is to max out your employer's 401k contributions (maybe 3-5%, or limited in some way), then focus the rest on paying down debts. After the...
View ArticleDid I give the right advice to my father about his 401k being down?
My dad has seen recently that I have taken an interest in finance and he asked me what he could do about his 401k being down.So I said the US is currently in a recession and now you should put in more...
View ArticleShould I rollover my Fidelity 401(k) to a Vanguard IRA?
I'm leaving a job where I have a Fidelity 401(k). I plan to rollover my Fidelity 401(k) into an IRA after I leave the job.I like Fidelity. But most of my portfolio is invested in Vanguard ETFs, and I...
View ArticleQuotes for funds in my Fidelity-managed 401(k)?
I've had several employer-provided plans through Fidelity over the years.Fortunately, they offered extremely low-cost passive investment options, like Vanguard Institutional Index Trust, which tracks...
View ArticleDo I need to keep/file "Distribution Statement" for Mega Backdoor Roth IRA?
My new employer offers the Mega Backdoor Roth option. After-tax contributions can be automatically & immediately converted to Roth within the 401(k), and can be rolled over to a Roth IRA at any...
View ArticleUS rollover IRA for non-resident alien
I am not a US citizen, and I am currently not resident in the US. I lived and worked in the US between 2014 and 2016 and I have a 401(k) from that time. The 401(k) plan is being terminated and I am...
View ArticleMy employers "401(k) contribution" is cash, not an actual retirement account....
I just took a job that I like, and the line in the offer letter turns out to be misleading (I think through inexperience, not manipulation).This is it:You will eligible to receive a 401(k) match of 6 %...
View ArticleConsidering current market situation is it wise to convert 401K account into IRA
This is what I know about 401k and IRA accounts:401k accounts are employer-sponsored plans, which means that you can only participate in a 401k plan if your employer offers one. IRAs, on the other...
View ArticleIn the US, is post tax 401k different from Roth 401k?
I had a talk with the brokerage firm retirement planning team, and they told me that if I have money in 401k, it can be pre tax, post tax, or Roth 401k, and even post tax and Roth 401k are different.If...
View Article401K Vesting Changed After Leaving Company
I left a prior employer back in 2012, but I made the mistake of leaving my 401K in the company plan, which is administered by T. Rowe Price.At the time I left, the balance showed I was 100% vested in...
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 ArticleAfter 4 yrs, new money shows up in closed 401K account
I separated from a company on 12/30/2015. Feb 2016 I paid $60 distribution fee to rollover the entire 401K balance to an IRA. Fast forward 4 yrs, in March of 2020 I get an email "your statement is...
View Article401(k) withdrawal process timeline
I have a 401(k) plan from my previous employer with a little over $5k in it and I have decided to withdraw the full amount.How long should I expect this process take?The plan administrator is the owner...
View ArticleTracking down old IRAs / 401(k)s
How does one go about tracking down 401(k)s from previous companies? Is there a more convenient method than trying to get in contact with HR from these past companies? I wouldn't mind paying for a...
View ArticleRoth vs Traditional 401K when paying income tax in two states
I graduated in May and got my first full-time job and would like to being contributing more to retirement. I live in New York State (not NYC) and work in Connecticut so I pay state income tax in both...
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