Articles for category: 401K

Richard Peterson

How Much Can You Put In 401k Per Year?

How Much Can You Put In 401k Per Year?

There are many different factors that can help determine how much you can put into your 401k per year. Matching contributions, non-matching or profit-sharing contributions, and the type of retirement plan are all factors to consider. This article will provide you with some additional information on these topics. Matching contributions Employer matching contributions for 401k ...

Richard Peterson

Loaning From a 401k Without Penalty

Loaning From a 401k Without Penalty

If you have a 401k and you need to get out of it, you might be wondering what the best way to do it is. There are several different options for you, so it is important to learn all of the information you can before you make any decisions. Loaning from a 401k Loaning from ...

Richard Peterson

What Is A 401k Safe Harbor?

What Is A 401k Safe Harbor?

If you are in charge of a 401k or other retirement plan for your business, you’re probably wondering what the Safe Harbor rules are. This is a complex issue, and you should be aware of it before you implement any changes. Here are some common questions you’ll want to ask to ensure you’re fully informed. ...

Richard Peterson

Who Do I Contact To Cash Out My 401k?

Who Do I Contact To Cash Out My 401k?

If you have a 401k and are looking for information on who you can contact to cash out your 401k, you’ve come to the right place. We’ll give you all the information you need, so you can make an informed decision. 401(k) loan vs 401(k) loan 401(k) loans can be a great way to access ...

Richard Peterson

Can I Rollover 401k To Roth Ira?

Can I Rollover 401k To Roth Ira?

When you want to make a rollover from your 401k to your Roth IRA, you need to be aware of a few things. There are some tax issues to consider, and you will also need to consider the fact that you can no longer take loans from your IRA. It is a good idea to ...

Richard Peterson

How Does A 401k Work When You Retire?

How Does A 401k Work When You Retire?

There are a few different factors you will need to consider when you want to know how a 401k works when you retire. For example, you will want to think about what type of annuity you can buy based on your 401k, if you will be taking withdrawals when you reach 59 1/2, and what ...

Richard Peterson

How to Rollover 401k to New Employer

How to Rollover 401k to New Employer

  There are several options that you have if you want to transfer your 401k to a new employer. You can either do it directly or through an IRA rollover. If you are not sure how to go about it, you should consult a tax professional. Direct rollover If you have a 401k at your ...

Richard Peterson

What Is The Penalty For Early 401k Withdrawal?

What Is The Penalty For Early 401k Withdrawal?

The penalty for early withdrawals from your 401k is a topic that you may want to consider. If you are in the process of filing for a divorce and are planning on taking your money from your 401k, you need to be aware of the tax and penalty implications of doing so. Taxes on early ...

Nanci Altman

Can I Cash Out My 401k While Still Employed?

Can I Cash Out My 401k While Still Employed?

If you are looking to take out money from your 401k while still employed, there are a few things you will want to consider. You can do this either through the use of a rollover or through an employer sponsored plan. There are some advantages to both of these methods, but it is important that ...

Nanci Altman

Is My 401k Losing Money Right Now?

Is My 401k Losing Money Right Now?

If you’re having trouble keeping up with your 401k, you may want to take a few steps to ensure that your investments are growing and earning you as much as possible. One of the things you can do is to diversify your portfolio. There are several investment options that can help you to achieve this ...