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...
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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