401k withdrawal rules
You can rollover an IRA from one account to another at any time, but if you are a victim of a corporate layoff, or considering changing jobs or about to…
401k Penalty Free Withdrawal
Many aspects of a particular 401k plan are governed by plan-specific rules. You should contact your plan administrator for particular rules specific to your plan. Generally speaking, the IRS imposes…
401k Rollover
Now that you have decided that you should roll over your 401k and you further decided either to hire some one to help you or to do it your self,…
SEP, 401k and Roth IRA contributions
I contribute in a 401K and my husband to SEP IRA; do we still qualify for Roth IRA? We meet the income limit and file jointly. Answer According to the…
401k Loan To Buy A House
I have funds in an employer’s 401k retirement account. I want to be able to take a loan against the 401k to purchase a house, but I don’t want to…
401k Required Minimum Distributions (RMD)
Are you required to take the Required Minimum Distribution (RMD) from a 401K if you are still actively employed? Answer If you continue to work beyond age 70 1/2, and…
401k Loans
If you are currently employed and your 401k plan does not allow for in-service 401k withdrawals then a 401k loan might be a good idea as there are no early…