401k
Can I withdraw money from my 401 K for a downpayment on a home without paying a penalty for early withdrawl?
52donnie asked:
My wife and I are buying a house and want to use some money from my 401 K to finance the downpayment. I’ve heard this can be done without penalty if the withdrawl is for the purchase of a primary residence. Is this true?
My wife and I are buying a house and want to use some money from my 401 K to finance the downpayment. I’ve heard this can be done without penalty if the withdrawl is for the purchase of a primary residence. Is this true?
How long does it take for a 401(k) trustee to approve the current offer on a house?
Laura T asked:
We just put an offer on a house, and now just found out that she used her retirement 401(k) for collateral i guess, now it needs to be approved through the trustee. How long does this process take?
We just put an offer on a house, and now just found out that she used her retirement 401(k) for collateral i guess, now it needs to be approved through the trustee. How long does this process take?
How long does a company have to return my 401 after laying me off of my job?
Dorito t asked:
I worked for a medical Company and they did some lay offs and I was one to be laid off. I put monies into my 401 and now they won’t release my money and I need to know how long a company has to hold on to my money?
I worked for a medical Company and they did some lay offs and I was one to be laid off. I put monies into my 401 and now they won’t release my money and I need to know how long a company has to hold on to my money?
What do I need to keep track of in my Roth 401(k) concerning the employer contribution and future taxes?
Bama Crankshooks asked:
I have a Roth 401(k) at work, and receive an employer match. I realize that the employer match is held in a separate account and (unlike my contributions) is not tax free upon withdrawal in retirement. Do I need to be keeping track of the cost basis every time the employer match is used to purchase shares? Is there anything else I should be tracking?
I have a Roth 401(k) at work, and receive an employer match. I realize that the employer match is held in a separate account and (unlike my contributions) is not tax free upon withdrawal in retirement. Do I need to be keeping track of the cost basis every time the employer match is used to purchase shares? Is there anything else I should be tracking?
What would cause a code 401 to come up during an inspection of a brand new egr on a 02′ malibu?
brneyes853 asked:
I just had the entire egr replaced as well as the valve and the check engine light is still coming up. I need to know what to do and what could be causing the 401 and check engine light to still be coming up. Thanks for any help!
I just had the entire egr replaced as well as the valve and the check engine light is still coming up. I need to know what to do and what could be causing the 401 and check engine light to still be coming up. Thanks for any help!
Is it mandatory to participate in a 401(k) plan or can an individual opt out?
Richard J asked:
Does an individual have a say in whether he/she wants to contribute to or be enrolled in a 401(k) plan?
Can an individual opt out when offered to be enrolled in the program?
Thanks everyone for taking the time to answer my questions. I mostly like being hands on with my investments and prefer to choose where I invest my money such as in Money Market accounts, Certificate of Deposit accounts, Bonds and the Stock Market.
Does an individual have a say in whether he/she wants to contribute to or be enrolled in a 401(k) plan?
Can an individual opt out when offered to be enrolled in the program?
Thanks everyone for taking the time to answer my questions. I mostly like being hands on with my investments and prefer to choose where I invest my money such as in Money Market accounts, Certificate of Deposit accounts, Bonds and the Stock Market.
I was curious and wanted to know should the situation arise if I had an option to opt out of being enrolled in a 401(k) plan.
How does your 401(k) move with you when you change jobs?
ShuckyDucky asked:
What do you have to do, who to call to ensure your 401(k) goes with you to the next job?
Is it easier to open a 401(k) outside of the job?
What do you have to do, who to call to ensure your 401(k) goes with you to the next job?
Is it easier to open a 401(k) outside of the job?
What causes a 401 engine code on a 2001 PT Cruiser?
funracingdad asked:
I found that a 401 engine code is cause by a expected change in the air fuel mixture not happening. What generally causes this engine warning and is it something I can fix. I can fix most anything that doesn’t require specialty tools.
I found that a 401 engine code is cause by a expected change in the air fuel mixture not happening. What generally causes this engine warning and is it something I can fix. I can fix most anything that doesn’t require specialty tools.
How much should I contribute to my 401(k) if I will be leaving the company in a year?
Valerie Rose asked:
I just recently became 20% vested in my company, and they opened up a profit sharing account for me with a 401(k) option. I will be leaving in the summer of 2008 because I will be going to Graduate school, but by then I will be 40% vested. I am wondering how much I should contribute, if any, to this plan even though I am leaving. I am also wondering if I should invest aggressively, moderately, or conservatively. I know that the yonger you are the more aggressive you should invest, but I am unsure now since I am leaving in a year.
I just recently became 20% vested in my company, and they opened up a profit sharing account for me with a 401(k) option. I will be leaving in the summer of 2008 because I will be going to Graduate school, but by then I will be 40% vested. I am wondering how much I should contribute, if any, to this plan even though I am leaving. I am also wondering if I should invest aggressively, moderately, or conservatively. I know that the yonger you are the more aggressive you should invest, but I am unsure now since I am leaving in a year.
what is the huge building being constructed beside the 401 at trafalgar rd. Ontario canada?
JoseCalderon asked:
There is a massive factory? being constructed beside the 401, west of Trafalgar Rd. Maybe on Steeles or in the town of Hornby Ontario. Any ideas what this is?
There is a massive factory? being constructed beside the 401, west of Trafalgar Rd. Maybe on Steeles or in the town of Hornby Ontario. Any ideas what this is?
How Does collecting 401 retirement funds affect your unemployment?
evurn g asked:
If you are sent 401 funds from a job that you have been displaced from does that affect you from collecting your unemployment?
If you are sent 401 funds from a job that you have been displaced from does that affect you from collecting your unemployment?
What are the three songs that are played during the 401 dance in Step Up 2?
Sarah asked:
There are three songs played during the 401′s final dance. I know that one of them is “The Potion” by Ludacris but what are the other two. One is very fast paced and says “Let’s go” in the beginning and the other says “Let me see you slide, now slide. Now crank that x3.”
There are three songs played during the 401′s final dance. I know that one of them is “The Potion” by Ludacris but what are the other two. One is very fast paced and says “Let’s go” in the beginning and the other says “Let me see you slide, now slide. Now crank that x3.”
How do you open an account or make an investment in a 401(k) plan?
Rukia asked:
I just need to know what are the steps to opening an account and making an investment in a 401(k) plan, thanks!
I just need to know what are the steps to opening an account and making an investment in a 401(k) plan, thanks!
How long does it take to get the money from a 401(b) plan?
LostInTheMagic asked:
My family put in for a loan from my Dad’s 401(b) plan. Were going with express delivery. If we are approved, when should we get the money?
The loan is for 1,200 dollars.
Thanks in advance.
My family put in for a loan from my Dad’s 401(b) plan. Were going with express delivery. If we are approved, when should we get the money?
The loan is for 1,200 dollars.
Thanks in advance.
What are the pro’s and con’s of using 401-k for down payment on a home?
milltown asked:
The money i’m spending on rent can go towards the purchase of my very own home. I like the idea of buying a home, paying it off in 15 or 20 yrs and have no mortgage while still working or after i’m retired. I want to use some of my 401-k now as a down payment but what are the pro’s and con’s to using my retirment money that way?
The money i’m spending on rent can go towards the purchase of my very own home. I like the idea of buying a home, paying it off in 15 or 20 yrs and have no mortgage while still working or after i’m retired. I want to use some of my 401-k now as a down payment but what are the pro’s and con’s to using my retirment money that way?
How long will it take to roll over then borrow from my 401 k?
Steph asked:
I have a pension plan with my old employer that I need to roll over to a 401 K with my new employer. I need to borrow from that 401 K as soon as it is available. How long will this all take? I need the funds as soon as possible
I have a pension plan with my old employer that I need to roll over to a 401 K with my new employer. I need to borrow from that 401 K as soon as it is available. How long will this all take? I need the funds as soon as possible
How does the 60-day limit work for rolling over a 401(k) into an IRA after a job loss?
Kevin asked:
In other words, I’m wondering what exactly I have to do before the 60 days is up.
In other words, I’m wondering what exactly I have to do before the 60 days is up.
Do I just have to have to get the withdrawal form delivered to the company my 401(k) is with by the 60 days? Or does the transfer have to be completely done by the time the 60 days is up? Or what?
Thanks!
Difference between 401(a) and 457? How do u decide which is a better choice?
Caren H asked:
Mom is a state government employee and has to decide between one or the other (401(a) and 457). She is 3 years from retirement. What are the pros and cons for both? If you can, include tax consequences for both. She is single, no dependents, doesn’t own home.
Mom is a state government employee and has to decide between one or the other (401(a) and 457). She is 3 years from retirement. What are the pros and cons for both? If you can, include tax consequences for both. She is single, no dependents, doesn’t own home.
Our company has restriction to contribute up to $10,000 in 401(k). What else can I do to max it out?
OneWay asked:
I would like to max the 401(k) contribution on pre-tax, while our company allows up to $10,000. Is there any other way I can contribute? Not consider Roth since it’s post-tax.
I would like to max the 401(k) contribution on pre-tax, while our company allows up to $10,000. Is there any other way I can contribute? Not consider Roth since it’s post-tax.
How can i play runescape if i am http code 401 blocked?
M P asked:
i dont want to use proxy sites, and i cant use mopar either, is there a way to play the REAL runescape even if i am 401 blocked by it?
thanks!
i dont want to use proxy sites, and i cant use mopar either, is there a way to play the REAL runescape even if i am 401 blocked by it?
thanks!
How can I block a site so that it says “401 The web site is blocked by administrator?”?
The Hitchhiker asked:
I share my computer, and I want to block some of the sites that he/she is going on. I am the administrator. I read that many children have “401 The web site is blocked by administrator” as a blocked webpage, so how can I do it also?
How can I access host files?
I share my computer, and I want to block some of the sites that he/she is going on. I am the administrator. I read that many children have “401 The web site is blocked by administrator” as a blocked webpage, so how can I do it also?
How can I access host files?
Can a spouse withdrew his 401 K without telling the other party before a divorce?
Smake l asked:
Can a spouse at age 62 or close to retirement age withdrew his/her 401 k 1- 2 years before filling for divorce ,so he doesn’t have to split it w/ the spouse? Is it legal? I live in CA.
Can a spouse at age 62 or close to retirement age withdrew his/her 401 k 1- 2 years before filling for divorce ,so he doesn’t have to split it w/ the spouse? Is it legal? I live in CA.
What’s the difference between a 401(k) hardship withdrawal and a regular withdrawal?
Lib Arts Major asked:
I’m thinking of withdrawing some money from my 401(k) to pay some medical costs.
I’m thinking of withdrawing some money from my 401(k) to pay some medical costs.
When I logged into my company’s 401(k) management site to check out the tax penalties for withdrawals, I couldn’t see any difference tax-wise between a regular and hardship withdrawal. So now I’m wondering why do the paperwork associated with hardship withdrawals. Why not just do a straight withdrawal?
The reason I can’t just take out a 401(k) loan is that I took one last year when settling my divorce.
What will it cost me in taxes to cash out my 401 k?
raisa asked:
I have a 401 k with a previous employer. I have an option f rolling it over to IRA or cashing it out. I am thinking of cashing it out since I am in between jobs and a bit broke. What i the penalty for cashing it out. The total is less than $1000 dollars
I have a 401 k with a previous employer. I have an option f rolling it over to IRA or cashing it out. I am thinking of cashing it out since I am in between jobs and a bit broke. What i the penalty for cashing it out. The total is less than $1000 dollars
How do you calculate rate of return on a 401(k)?
bshaddeau asked:
I contribute at regular intervals to my 401(k). I receive statements each month that shows my gain/loss. How do you calculate the actual rate of return on a 401(k)?
I contribute at regular intervals to my 401(k). I receive statements each month that shows my gain/loss. How do you calculate the actual rate of return on a 401(k)?
What exactly does “lock in your losses’ in a 401 mean?
tennis asked:
I have lost 50% of my 401K and plan on retiring in 5 years. Had I moved my allocations to a “safe” choice like the credit union fund (within the 401) I would have “locked in my losses”. So what? Wouldn’t it have been better to sit there and not earn much as opposed to loosing 50%?
I have lost 50% of my 401K and plan on retiring in 5 years. Had I moved my allocations to a “safe” choice like the credit union fund (within the 401) I would have “locked in my losses”. So what? Wouldn’t it have been better to sit there and not earn much as opposed to loosing 50%?
Are a traditional IRA and a 401(k) without an employer match basically the same thing?
Mark asked:
In other words, if we take the 401(k) employer match out of the comparison (either because the employer doesn’t offer a match, or because it’s already been maxed out), is there any significant difference between a 401(k) and a traditional IRA?
In other words, if we take the 401(k) employer match out of the comparison (either because the employer doesn’t offer a match, or because it’s already been maxed out), is there any significant difference between a 401(k) and a traditional IRA?
From what I understand, both have tax-free money going in, and get taxed on the distributions during retirement. So if there are differences, I don’t know what they are.
What is the least penalized way for an “under 55″ to cash out his 401(k) early without quitting your job?
thomasjbryant13 asked:
I am under 55, and I heavily contribute to my 401(k). I know, I know… the longterm outweighs the shortterm, but I need to withdraw basically everything in my fund to take care of some essentials. What is the best way to do that without suffering the huge penalties?
I am under 55, and I heavily contribute to my 401(k). I know, I know… the longterm outweighs the shortterm, but I need to withdraw basically everything in my fund to take care of some essentials. What is the best way to do that without suffering the huge penalties?
What is the name of these apartment buildings along the 401?
The World Traveler asked:
What is the name of the apartment buildings along the 401 near Bayview Ave? Also how much do they cost to live in? I drive by them whenever I’m in Toronto and I was curious.
That’s not them. These are the 3 tall buildings you can see from the 401. They’ve been there for years. Like when you’re getting on the 401 from the 404 they’re right infront of you in the distance.
What is the name of the apartment buildings along the 401 near Bayview Ave? Also how much do they cost to live in? I drive by them whenever I’m in Toronto and I was curious.
That’s not them. These are the 3 tall buildings you can see from the 401. They’ve been there for years. Like when you’re getting on the 401 from the 404 they’re right infront of you in the distance.
How do I figure out what to take out for 401(k) to keep within budget for expected net salary?
Will-O asked:
I budget based on net income (twice a month or semi-monthly paycheck) and I want to calculate how much to take out for 401(k), so that I can use the tax advantages of a 401(k) retirement plan. I want to balance it in such a way that I come as near as possible to what I already get – net. Any tools out there I can use or a method to calculate what I want? Thank you.
I budget based on net income (twice a month or semi-monthly paycheck) and I want to calculate how much to take out for 401(k), so that I can use the tax advantages of a 401(k) retirement plan. I want to balance it in such a way that I come as near as possible to what I already get – net. Any tools out there I can use or a method to calculate what I want? Thank you.
can I use my 401 K to purchase things for my bsns without paying taxes on the mony?
Pamela Orth asked:
I need to purchase some key items for my start up bsns. Can I use 401 k funds with out getting hit for the full taxes? Can I borrow against a 401K for my business?
I need to purchase some key items for my start up bsns. Can I use 401 k funds with out getting hit for the full taxes? Can I borrow against a 401K for my business?
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?
How do I choose a new 401(k) to rollover?
dawooget asked:
I’m soon to be switching employers and I know to rollover my 401(k), but if I don’t want to use my new company’s plans, can I just pick an investment firm to handle it? Do employers still typically contribute to these outside plans?
I’m soon to be switching employers and I know to rollover my 401(k), but if I don’t want to use my new company’s plans, can I just pick an investment firm to handle it? Do employers still typically contribute to these outside plans?
How can I get my 401(k) from my previous employer?
Bucket asked:
The company I worked at two years ago had a 401(k) plan I enrolled in, and after I left the company I never did anything with the account. How do I go about accessing if it’s still possible, and what should I do with it. I don’t have a 401(k) with my current company, so I can’t roll it over. Is it even still possible to get access to that money?
The company I worked at two years ago had a 401(k) plan I enrolled in, and after I left the company I never did anything with the account. How do I go about accessing if it’s still possible, and what should I do with it. I don’t have a 401(k) with my current company, so I can’t roll it over. Is it even still possible to get access to that money?
Can you put your 401 K towards a plain savings account until you decide?
CasinoFan asked:
Im planning on doing 401 K account with my company, and they said I can invest it in stocks or whatever way I want, but until I decide, Can you put your 401 K towards a plain savings account until you decide? Or does 401 K have to be a specific stock?
Im planning on doing 401 K account with my company, and they said I can invest it in stocks or whatever way I want, but until I decide, Can you put your 401 K towards a plain savings account until you decide? Or does 401 K have to be a specific stock?
How does pension reflect in a W-2 form and how is it different from 401(k) etc?
sng2350 asked:
Where does pension appears in the W-2 form. Which Box within W-2 form will it appear? Does the pension has to be deducted for social security and medicare tax? Is pension a part of 401(k) and other retirement plans?
Where does pension appears in the W-2 form. Which Box within W-2 form will it appear? Does the pension has to be deducted for social security and medicare tax? Is pension a part of 401(k) and other retirement plans?
What penalties will a coworker encounter if he spends 401(k) money from leaving a job in Nebraska?
b2364 asked:
I have a co-worker leaving his job and will live off his 401(k) money that he built up over the course of 10 years. I feel he is fool for doing this cause of the taxes and penalties that doing so will occur. Can someone give me an example of $10,000.00 that was saved up is likely to be taxed and penalties assessed?
I have a co-worker leaving his job and will live off his 401(k) money that he built up over the course of 10 years. I feel he is fool for doing this cause of the taxes and penalties that doing so will occur. Can someone give me an example of $10,000.00 that was saved up is likely to be taxed and penalties assessed?
How long can my employer wait to make last year’s 401(k) matching contribution?
Jamey asked:
My employer (a fortune 500 hospitality company) still has not paid the 2008 401(k) match. At first, it was communicated to employees that it would be paid in February, now it’s “sometime in the summer”. How long can they wait? Is this governed by ERISA? Can the plan’s “qualified” status be questioned? Thanks!
My employer (a fortune 500 hospitality company) still has not paid the 2008 401(k) match. At first, it was communicated to employees that it would be paid in February, now it’s “sometime in the summer”. How long can they wait? Is this governed by ERISA? Can the plan’s “qualified” status be questioned? Thanks!
What would new take home pay be if someone contributes 10% to 401(k) ?
ironwood9 asked:
Say a person is paid every other week – their gross pay is $2,423.08 ($63,000/per year) per pay period, and their net pay after tax deductions is $1,880 – what would their new net pay be if they signed up to contribute 10% to their 401(k) ?
Say a person is paid every other week – their gross pay is $2,423.08 ($63,000/per year) per pay period, and their net pay after tax deductions is $1,880 – what would their new net pay be if they signed up to contribute 10% to their 401(k) ?