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I am buying my first home. I have a roth 401K and want to
I am buying my first home. I have a roth 401K and want to use those funds for the downpayment in the amount of $75,000. I have been reading to transfer it to an IRA and withdraw from that to avoid pen… read more
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Sure, A former employer is offering early withdrawal of my
A former employer is offering early withdrawal of my pension funds … read more
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My ex-wife 50, will be receiving a distribution from my thrift plan 401K as part of a QDRO. She would like to take the distribution out of the account created for her as cash. Will she have to pay bot… read more
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Robin D.
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My husband works company that puts in a small amount of
My husband works for a company that puts in a small amount of money into a 403b, when he was hired he rolled over his 401k, from previous employer. The accts are added together as total amt. But only … read more
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I am currently rolling over a 401k to a new company since
Hello, I am currently rolling over a 401k to a new company since mine was bought out. I had a loan on the previuos 401k of 30000.00 I am trying to figure what taxes I will have to pay on that … read more
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We have a 401k from a previous employer that is being rolled
We have a 401k from a previous employer that is being rolled over to us and we are looking to take part of that money and fund our HSA, with the rest of it rolling directly into our current 401k. Am I… read more
Lev
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exceptions to 10% penalty 401k distribution: I separated from
exceptions to 10% penalty 401k distribution: I separated from a company 6 years ago, and rolled over the entire amount of my 401k. in 2013, my company's plan was sued, and had to pay every 401k plan r… read more
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I withdraw six times from my 401k investment last year. Within
I withdraw six times from my 401k investment last year. Within 2 months from my first withdraw, I paid it back. Does this means that I don't have to pay penalty and income tax for my first withdraw. H… read more
USTaxAdvising
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I am considering converting the after-tax portion of a 401k
I am considering converting the after-tax portion of a 401k into a Roth IRA and the pre-tax portion into a traditional IRA. From what I can tell the IRS seems to not have clearly weighed in as to whet… read more
Lev
Lev
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i received a distribution on my 401K, unintentionally. (My
i received a distribution on my 401K, unintentionally. (My old employer closed their plan and did not give me proper information) Of the $80K in the 401K, I received a check for $64K with $16K (20%) w… read more
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I was laid off from my employer in June 2011 with whom I had
I was laid off from my employer in June 2011 with whom I had a 401K. I am 58 years old. I started a new job in December 2011. Can I withdraw money from my June 2011 employer's 401K without the 10% ear… read more
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A company spun off a portion of itself and a new company formed.
A company spun off a portion of itself and a new company formed. The old company terminated employees from their 401k plan at the end of Dec 2011. The new company is transferring the assets from the o… read more
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I am doing the tax return of someone who got a 1099-R for a
I am doing the tax return of someone who got a 1099-R for a rollover from a Roth 401k to a Roth IRA. Client is 34 years old and has only been contributing to the Roth 401k for 3 years. Gross rollover … read more
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Hello, I am 62 years old, dont plan on retiring until I am
Hello, I am 62 years old, don't plan on retiring until I am 68 or maybe 70. I have a pension plan from my former employer. I can get a lump sum of $29,900 from this plan. Should I roll it over into an… read more
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I have a 401k plan that is with my FORMER employer. Total
I have a 401k plan that is with my FORMER employer. Total balance= 70K. $32,000 is in the ROTH (Aftertax) segment but the account has only been open since 1/1/2007 as a ROTH 401K. How can I get the mo… read more
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We are taking a hardship withdrawal from our 401K for college
We are taking a hardship withdrawal from our 401K for college expenses. We do not need the entire amount for 2009. We need partial for 2009 and partial for 2010. Are we able to take the full amount an… read more
Bill
Bill
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I am 54 years old and have a 1099 R evidencing a 401k ...
I am 54 years old and have a 1099 R evidencing a 401k rollover. In box 5 there is an amount that is the after tax contributions that I made to my 401k over the past many years. Can that amount be with… read more
MequonCPA
MequonCPA
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What are the tax penalties with 401k retirement accounts
I''m currenlty in a sittuation where I''m considering leaving the company I''ve worked with for 10 years and relocation. I''d like to use a portion of this when a check is distributed to me, to help m… read more
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