im asking this for 2 reasons, alot of people are saying were heading for a recession & the market is gonna drop, and i havent put much of my own $ into my 401k, yet with my employer matching, & the fund itself doing so well, its current value is around 100k, ive only put about a third of that into it. can i move it into an ira now, before i retire or leave the company? and if so, is that a bad idea? i plan on starting my 401k over, and maxiing my contributions again, can i do this?
Posts Tagged ‘about’
Do I have to report 529 contributions on my taxes? What about a rollover?
29
May
I opened a very small 529 plan in 2007, and as far as I know, there is no deductibility in my state. Do I still need to report my contribution? I haven’t received any tax forms from the investment company.
Also, how about a rollover from a 401k to a traditional IRA? I later converted it to a Roth and have already reported that action. I understand that the 401k-to-traditional-IRA rollover is not taxable but am not sure whether I need to report it. Also missing those tax forms…
Thank you.
Tax Question about SEP IRA and individual 401k?
18
May
If im:
44 years
a self employed contractor
contributed $11,000 to my employer sponsored 401k
During 2009, my schedule C income was $100,000
What is the maximum amount that I can contribute to (1) a SEP IRA and (2) an individual 401(k)?
okay, not gonna lie, this is a problem i need help with for class… any help appreciated! much thanks!
Roth IRA help – What type of funds to invest in for someone who knows little about investing?
15
May
I’m 34 and want to start a Roth IRA for myself and plan to to contribute the max amount in one contribution each year. I know I want to go with either Fidelity, Vanguard, or T. Rowe. I know very little about investing and would like to feel secure with the investment. I know there are too many funds to choose from and I don’t understand them. Thanks for your suggestions.
Questions about 401k, Roth IRA, Regular IRA,and savings accout?
05
May
I work for the state and I have a retirement plan already with my job but they don’t call it 401K, they call it “A retirment plan” and they match me at 5 years. I wanted to the difference between 401k, Roth IRA, Reg. IRA and are there anymore other retirments plan out there that I can choose from? I was also thinking of opening a saving account and using that for retirement account, I will not touch until I’m 65 but I wanted to know do they charge on taxes awhen I take out and will I make money on the interest as more or less than with a 401K, ROTH IRA OR REGULAR IRA. If it’s not good to get a savings account to use for retirement what the advanges of getting a savings account?
How do I find out about an old 401k plan?
30
Apr
I worked for a company in Georgia several years ago and I think that I had a 401k plan, how can I find out?
Need more detail about previous 401k question?
30
Apr
My husband has got a new job, his current employer sent home this massive packet, which is like latin to my husband and I. We are unsure if his new job accepts rollovers, we have left a message with their CFO. It isnt that much money. Can someone explain the penalty for lump sum distribution vs. rollover? My husband does know that his new company does not start 401k til after the 90days probationary period? In the paperwork it mentions rollovers have to be distrubted during a 60day period or penalties will incur. I have looked into IRA’s and they all require way more money than what he has in his 401k.
thanks all I am at my wits end.
Is there a time limit to recover an old (1995) 401k left at an old job? How do I go about it?
22
Apr
The Truth About Protecting Your IRAs and 401s
19
Apr
- ISBN13: 9780132333849
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Buy Cheap The Truth About Protecting Your IRAs and 401s
I rolled two former employers 401k plans into a Rollover IRA about 2 years ago. I want to roll it into my new?
16
Apr
company’s 401k plan, but my broker says this cannot be done. They are calling what I have a ROLLOVER IRA and telling me those cannot be rolled over into 401k plans. Can anyone tell me if this is accurate info?
I need some advice about Fidelity on my 401k plan?
14
Apr
I’m in my early 20’s and I’m looking to invest 5k yearly to an Roth IRA account. I’ve recently decided on vanguard and I want to know which type of Mutual Funds suit me the best?
Back to topic:I already have an Roth 401k plan (fidelity) with my company which I contribute to as well. I contribute about 4k yearly in this plan. ( This is my main retirement plan which I plan to go a little more risky since its a 35+ year retirement plan). In fidelity, How would I go in picking some Mutual funds ? I would like to pick 3 or 4 and they need to add u to 100 percent. Thanks. Since Im young, im thinking 100 percent STOCK Related?
P.S For my Roth IRA (Vanguard) ***I MIGHT*** have to pull out my principal for a down payment for a house. ( I have an separate house fund). But if i have to answer the question now, I would say 80 percent I don’t have to pull anything out. Having a certainly amount of flexibility should be nice though. With that said, what types of Mutal funds should I invest in.
Is a roth 401k better than a regular 401k plan for a 21 year old? I dont know anything about retirement plans
12
Apr
Is a roth 401k better than a regular 401k plan for a 21 year old? I dont know anything about retirement plans. But the lady giving the presentation at my work said roth 401k would be better for my age but I dont see how. Also my company will match up to 5% any tips I should consider?
I’m 34 about to rollover my 401k to a new employer. What do I place my Fidelity investment elections into?
09
Apr
There are many choices. I could go safe with the Freedom 2035 Fund or should I spread evenly through 5
1 money market port
2 us bond index fund
3 equity income II fund
4 value fund
5 US equality index fund
or something else?
Not sure ? What you all think?