Can I take contributions out of traditional 401(k) before 59 1/2 without...
Can I take contributions out of a traditional 401(k) before 59 1/2 without penalty?I'm basically looking for this table and cannot find it anywhere, please let me know if any of the below is...
View ArticleIs it correct that I can have a 2023 deduction for 401k that is treated by...
My last paycheck from 2023 was dated Friday, 12/29. Every date in the payperiod is within 2023.I noted my payroll explanation shows the deduction occurring for me in tax year 2023. Today, the 401k...
View ArticleCan I take contributions out of traditional or roth 401(k) before 59 1/2...
Can I take contributions out of a traditional or roth 401(k) before 59 1/2 without penalty?I'm basically looking for this table and cannot find it anywhere, please let me know if any of the below is...
View ArticleEmployer has been acquired. Rollover 401(k) before plan changes?
I currently have a 401(k) plan from my employer at Institution A. I also have a rollover IRA at Institution A (with funds from prior employers' plans).My employer has been acquired, and have announced...
View ArticleContributing over the 401(k) limit vs investing in an index fund?
I find myself in a lucky position. I have a stable, high-paying job that allows me to achieve nearly all my financial goals, including:Maxing out the yearly contributions to my 401(k), including the...
View ArticleDefined contribution plan (401k) and defined benefit plan (cash balance)...
I would like to know what are the employer contribution limits to these plans, and specifically how contributions to one plan impact the other.Here is the scenario:I own a business (LLC with S-corp...
View ArticleWhat are the defined contribution plan (401k) and defined benefit plan (cash...
I would like to know what are the employer contribution limits to these plans, and specifically how contributions to one plan impact the other.Here is the scenario:I own a business (LLC with S-corp...
View ArticleMove money from former employer's 401k to Roth IRA and Rollover IRA
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 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 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...
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