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Can I claim an exception for 401K withdraw to buy a home.( I
Can I claim an exception for 401K withdraw to buy a home.( I live in California) … read more
Lev
Lev
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Bachelor's Degree Equivalent
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I am 63 making $ 70,000 a year. My 401k is $200,000. I am
I am 63 making $ 70,000 a year. My 401k is $200,000. I am planning to retire at 65. May be earlier. My social security at 63 is $1800, at 65 will be $2000. What is the best way to withdraw my 401k at … read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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Thank you Pearl. My question is: I am 70 1/2, still working
Thank you Pearl. My question is: I am 70 1/2, still working and still contributing to the 401K, which is in the name of MY corporation. Must I take a RMD or not? I have been given answers both way and… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
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My husband's company was sold and he is now working for the
My husband's company was sold and he is now working for the new company. It has been treated as a "separation from service" from the old company. With regard to his 401K, he is now able to take a with… read more
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Taxpayers have to take the funds they have in 401 accounts
Taxpayers have to take the funds they have in 401 accounts when they turn 70 1/2. What happens if they don't take the funds out of the 401 accounts. Are there penalties?… read more
keeperumiami
keeperumiami
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I was 70 1/2 years old in August 2015. I am still working.
I was 70 1/2 years old in August 2015. I am still working. Every year I make the maximum contribution to an IRA. I hear that I need to start taking distributions soon. When do I need to do that? What … read more
Robin D.
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I recently left my employer of 29 years at the age of 53. As
I recently left my employer of 29 years at the age of 53. As I understand it an exception exists that if my termination of employment with the company where the 401K is kept occurs in the year I turn … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
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Heres my situation: I dont want to file for bankruptcy
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Can a person who still works for a company rollover all or
Can a person who still works for a company rollover all or part of his/her 401K to a rollover account at a Bank or B/D. The firm does not contribute anything to th 401k… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I have managed accounts at a major brokerage house for my non
I have managed accounts at a major brokerage house for my non contributory IRS, IRA annuity and Keogh. At age 69 in year 2000, I took out an annuity from 1/2 of my IRA. It was implied or I misundersto… read more
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Lev
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Contribution to church from 401K I am planning on givinga
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Lev
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Bachelor's Degree Equivalent
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My wife has a 401K with a balance of $80K and is asked to move
My wife has a 401K with a balance of $80K and is asked to move it to an IRA in the next week or they will send her a check as the company was sold. My wife will be 70 this July. She works a couple day… read more
RD
RD
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Master's Degree
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Hello I recently separated from a company of which I worked
Hello: I recently separated from a company of which I worked for for 3 1/2 years and I had a 401K with that company to go back to school full time for one year. I have also set up an IRA which I inten… read more
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If I receive no W2 income for tax year 2010 and only 1099 income.
If I receive no W2 income for tax year 2010 and only 1099 income. Can I roll over the balance of my 401(k) to a Roth IRA no matter how high my income is?… read more
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tax advice on 401K,withdrawal for school purposes, rollovers
I left my last place of employment about a couple of weeks ago and have not yet rolled over my 401K. I want to go back to graduate school and have little saved because of the high cost of living where… read more
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GOOD MORNING I am doing some estate (tax) planning for myself
GOOD MORNING: I am doing some estate (tax) planning for myself and want to maximize contributions to my (6) favorite charities. I currently have an IRA and a 401K (TSP)which I plan to leave all or mos… read more
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I own a company and have a 401k for the company. I am 66 years
I own a company and have a 401k for the company. I am 66 years old and the normal retirement age for the plan is 60. I currently am a salaried employee, but could convert to a consultant at any time. … read more
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Merlo
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I will be 60 in 2 months and currently working (considering
I will be 60 in 2 months and currently working (considering retirement). I have a pension with my former employer. Is it possilbe to roll this into an IRA? How can I take this out as a lump sum withou… read more
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