Archive for September 2008
Can I make individual contributions to a 401 K sponsored by an employer that I no longer work for?
brazlgirl asked:
I want to keep investing in my Fidelity 401 K. But I’m changing employeers and my new employer does not offer a 401 K with Fidelity. I do not want to roll over to my new employer’s 401 K plan or an IRA. So can I contribute to my old Fidelity 401 K out of my own pocket?
I want to keep investing in my Fidelity 401 K. But I’m changing employeers and my new employer does not offer a 401 K with Fidelity. I do not want to roll over to my new employer’s 401 K plan or an IRA. So can I contribute to my old Fidelity 401 K out of my own pocket?
income tax question on 401 withdrawal for first time home purchase?
budatbenn asked:
my son purchased a home in 04/06, he then renovated the home, using a credit card, in 2007 he decided to withdraw money from his 401 retirement, and pay off the credit card balance. can he avoid paying the 10% penalty imposed by irs or did he wait to long?
my son purchased a home in 04/06, he then renovated the home, using a credit card, in 2007 he decided to withdraw money from his 401 retirement, and pay off the credit card balance. can he avoid paying the 10% penalty imposed by irs or did he wait to long?