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I am under 59.5 years of age and may need to withdraw all my
Hello. I am under 59.5 years of age and may need to withdraw all my money from a previous employer's 401k plan to pay for a house my wife and I are looking to purchase. It is NOT a first home, but it … read more
Barbara
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I lost my job and jumped the gun and took a cash out on my
I lost my job and jumped the gun and took a cash out on my 401K. Now I don't need it. I still have not received the check and did not cash it. I all ready lost about 24k just by doing that. what are m… read more
Mark Taylor
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I am unemployed due to a disability, had to liquidate my
Hi I am unemployed due to a disability, had to liquidate my 401k, paid 10% early withdrawal penalty, I have about 22k in my checking account. To avoid more penalties what should I do? I have 60 days t… read more
Robin D.
Robin D.
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I know I can withdraw 10k from my 401k for a down payment
Hello,I know I can withdraw 10k from my 401k for a down payment with no penalty. Is this pre or post tax?Thanks, Alex… read more
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I am recently divorced. I have 3 QDROs that have been filed
Hello, I am recently divorced. I have 3 QDROs that have been filed and approved for my ex husband's 401K and pension. I want to roll over some of that amount and withdrawal the rest. I understand that… read more
Lev
Lev
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401k rollover question. I have approx $280k in a 401k. I
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Robin D.
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i had a 401K distribution for $95k; they took out $19k (noone
i had a 401K distribution for $95k; they took out $19k (noone explained they should have just rolled it into an IRA)..I put the remaining $76k into an IRA and then I took out $44k to buy my house. Do … read more
Robin D.
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Vocational, Technical or Trade School
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This year (2012) I retired from one company effective Feb 1.
This year (2012) I retired from one company effective Feb 1. My year to date earnings with them including severance Pay was 161,941.86. Total Fed Tax Withheld was 39,388.36. Other taxes withheld were … read more
Lev
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I want to rollover $10,000 from a 401K account to an investment
I want to rollover $10,000 from a 401K account to an investment IRA account. The 401K account manager says that there is a 20% mandatory withholding for income taxes. This means I must withdraw $12,50… read more
geedubya55
geedubya55
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Hello, I have dual citizenship (Dutch / USA) and have worked
Hello, I have dual citizenship (Dutch / USA) and have worked in the USA from 2006 - 2010. During that time I've contributed to a 401 k plan. After ending my job and moving back to the Netherlands last… read more
Wendy Reed
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Hi, quick question. Im considering taking an early partial
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Lev
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You gave me a rough idea a couple of months, ago, but now,
You gave me a rough idea a couple of months, ago, but now, I have a little bit specific information. Your answer was very helpful, but I just wanted to go over with this you, again, because now, I act… read more
Merlo
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I made $22,000 in after tax contributions to my 401K. I rolled
I made $22,000 in after tax contributions to my 401K. I rolled over the entire 401K, $185,000 to an IRA. I took out $10,000 from the IRA. Is there a way to avoid paying additional taxes on this money … read more
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About 8 years ago my wife invested $75,000 with a brokerage
About 8 years ago my wife invested $75,000 with a brokerage firm who used it to buy a Hartford annuity. They characterized it as "like a 401k" We never madeany additional investment or took anything o… read more
Chad Oberg
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I mistakenly withdrew the 401k with 20% withholding by IRS.
I mistakenly withdrew the 401k with 20% withholding by IRS. Checked online, it's said if I open within 60 days a rollover IRA account, i could avoid 10% penalty. To get back 20% withholding, I need to… read more
Bill
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On my pay check under taxes, I have four categories.
On my pay check under taxes, I have four categories. Fed Withholding, Fed MED/EE, Fed OASDI/EE, and South Carolina Withholding. Which one is for Social Security?… read more
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iam 57 i have 300,000.00 in an anuity. if i cash it out i ...
iam 57 i have 300,000.00 in an anuity. if i cash it out i will pay 20% tax federal who is responsable for the other 20% penalty me or is it taken out with the initial 20% percent, and can i claim it a… read more
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