Finding The Best Solutions And Ideas For Planning For Your Retirement.
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If you plan to invest these money into the business? Any ideas how to decrease the amount that goes to uncle SAM when getting your 401K money early?
I short-sale my property in 2008. I’ll receive a 1099 from lender with "gains" for ,000. I don’t know what to do to minimize my tax exposure. I was thinking about start contributing as much as possible to my 401k plan during this year to reduce my taxable income. Is this a good idea? What else can I do?
All of my funds are through AIM whose fees are higher than Vanguard’s or T. Rowe Price’s. Is it possible to change to Vanguard or T. Rowe while still retaining the same 401k plan in which I am currently enrolled?
I’m in college right now, and rather than take out additional student loans this year, I want to take out a hardship withdrawal on my 401k. I’m unemployed at the moment, just full time in college. I’ve checked around at some resources on 401k withdrawals, but I haven’t found anything that says how to actually do it. Where do I start?
I had quit an old job and a couple months later I recieved a check in the mail from my 401K. I was wondering if i needed to report that on my taxes, the letter that came with the check said that taxes had been taken out, and someone told me that if it was less than 600 dollars then I wouldn’t have to report it. Is that true?
I am 40 years old and leaving my current employer. I do not have a 401K where I am going. What should I do with the money? Its around 10K.
I have a day job and a small business that I do at night and on the weekends. Can I set up a SEP for my own company if I contribute to the 401K my day job has for me?
Hi does anyone know how long an employer has to pay you your 401K once you turn in the paperwork? How would I go about finding out where to go or what to do if my former employer is not responsive to me regarding my 401K?
I don’t mean, obviously, the companies you are invested with, I mean just the one that manages the portfolio. For example: let’s say I have ,000 in Microsoft stock in my 401K and it is managed by Vanguard and Vanguard goes kaput! Am I out of luck?
The PBGC website says it protects defined beneift pensions. 401Ks are definded contribution plans.
It also specifically excludes 401Ks and profit sharing plans.
I am having trouble saving for a downpayment, especially this time of the year. I hate to wait to save just enough for a downpayment. I’ve been told that I may be able to borrow against my 401k and pay interests to myself.
I have a 401 k money and I need to decide if I roll over to other 401k plant or put this money in a different plan.
I still owe 80grand on my home loan. If i borrow 80gs from my 401k, then i be debt free. Some people say it’s a bad idea. These are the same people(so called financial analyst) that made our economy bad. Regular Joe like me says it makes perfect sense. No more debt and no more bills and besides the 401k loan is going back towards my retirement. I am sticking with the regular Joes. I want other opinions about this.
I left my old job, and want to rollover my 401K to another institute so that I can have more investment options, such as trading stocks, or ETFs, instead of mutual funds only in my 401K. and, exchanging in and out any time I want, instead of order being excuted after market closed. What is the best way to this and what financial institute would be the best place (etrade, DT Ameritrade, T.R.Price, etc., etc) to rollover to?
I have a 401K from a previous job that is really loosing money.I have most of it in the "safest" market but it hasnt helped.Is there anything I cann do with this? I am atleast 20 years from retirement age.
I just graduated from college this May and the student loan is due this November. The 401K I had with my previous employer (1999~2005) is about 10K and my student loan is about 11K. I am thinking about withdrawing the fund to pay off my student loan. I am sure I can do that but I am not for sure that I won’t get a 10% penalty. I need professional advise, please help.