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I'm 59.5 and planning to withdraw funds from my 401k. What
I'm 59.5 and planning to withdraw funds from my 401k . What will be my federal taxes and California taxes if I take out 250K? Will I pay again during I file for my income tax? … read more
Tax.appeal.168
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I rolled a pension buyout into my current employers 401k. I
I rolled a pension buyout into my current employers 401k. I then used the money for a home purchase (both rollover money and current 401k money.) Is the portion of the withdrawl that came from the pen… read more
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General question regarding tax implications for withdrawls
General question regarding tax implications for withdrawls from 401(K) plans as it relates to ordinary income - I am 70 years of age fully retired. Just turned 70 late last month. I receive social sec… read more
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I am 58 years old and subject to a separation from my
I am 58 years old and subject to a separation from my previous employers who I have retirement plans with. One a 401K and one a cash balance pension plan. I would like to make a withdrawl and avoid th… read more
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Can I avoid early withdrawl penalties on my 401k loan and on
Can I avoid early withdrawl penalties on my 401k loan and on my pension lump sum early payout if I buy a new home this year?… read more
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my wife & I just bought a home as first time buyers in 02/2011.
my wife & I just bought a home as first time buyers in 02/2011. we used $22,000 from her 401k a former employer a total withdrawal & $16,000 from my 401k also a former employer also a total withdrawal… read more
Lev
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I received a letter of award form social security that I was
I received a letter of award form social security that I was disabled in October of 2009. Does that mean that I'm considered disabled for the whole of 2009 or just from the date I sreceived the award?… read more
Anne
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On 12/10/08 I received a total distribution for my 401K in
On 12/10/08 I received a total distribution for my 401K in the amount of $53,954.53. Income tax was withheld in the amount of $10,790.91. I had a looan balance of $8494.06 and actually received a chec… read more
Merlo
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I made a 401K withdrawl of $27,000 for a down payment on a
I made a 401K withdrawl of $27,000 for a down payment on a house. Will I be exempt from the 10% penalty for early withdrawl. Also because of the withdrawl, my income will be above $75000. I will earn … read more
Bill
Bill
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we cashed out a 401k for $81,000 in may of 2009 and immediately
we cashed out a 401k for $81,000 in may of 2009 and immediately were charged $9000 by the irs for early withdrawl, how much of that would we most likely have to pay back to the irs at the end of the t… read more
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I took out $17,460.00 from my 401k as a hardship to buy a home
I took out $17,460.00 from my 401k as a hardship to buy a home as a first time buyer. Is the total amount still subject to the 10% earlier withdrawl penalty… read more
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A cpa filed my parents join taxes for 2004, in that year my
A cpa filed my parents join taxes for 2004, in that year my father had been unemployed and living off of his 401k's, they filed for bankruptcy in 2005 and at that time they were required to file their… read more
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I rolled over apporx. 21,000 from my deceased mothers 401k
I rolled over apporx. 21,000 from my deceased mother's 401k account to a simple IRA in the year of her death, 2007. I took distributions in 2008. Now if I understood my situation, this ira is now cons… read more
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I left my job suddenly and need money. I need to ...
I left my job suddenly and need money. I need to withdraw from my retirement and want to know how much I should have the plan withhold for federal and state income taxes? What percentage? Thanks… read more
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I live in Michigan and my divorce gave 1/2 of a small ira ...
I live in Michigan and my divorce gave 1/2 of a small ira (rolled from an emploee 401K) to my ex. I will have the income (1099) on my income for 2008. Th x is ordered the tax burden but unless I have … read more
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I have taken out a 401K hardship withdrawl to keep my home ...
I have taken out a 401K hardship withdrawl to keep my home from forclosure. Does this keep me from having to pay any penalties at tax time? I started my taxes online and it looks like I am going to ha… read more
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In June of 2007, I quit my company which was taken over by ...
In June of 2007, I quit my company which was taken over by another company. There was a blackout period regarding in which the 401k program from the old company was rolled over to the new company's 40… read more
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What would the taxes and or penalities be for a 401K early ...
What would the taxes and or penalities be for a 401K early withdrawl of $31,517.10 from Wachovia?… read more
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