Posted February 15th, 2010
by admin
Yay Ah! asked: And by individual stocks, I don’t mean the company’s stock. I’m talking about non-employer stocks traded on an exchange.
In addition, do most 401k plans allow the participant invest in any mutual fund of his/her choice? Or do most 401k plans offer only a limited mutual fund selection?
*I know plans vary. But, this is just a general question.
Tags: 401k Plans, Mutual Fund Selection, Participant
Posted in Personal Finance | 5 Comments »
Posted July 7th, 2009
by admin
Peggy Pirate asked: People at work have been complaining that the companys retirement plan sucks. We have 403b matching up to 3% and they put another 3percent without us having to do anything. Most people don’t do it. All they have to do is open the accound and they get 3 percent free but they don’t.
Now they are asking the company for 401k plans and the company refused saying we already have a really good plan and you can do it on your own if you want.
So why do they think 401K plans are so great? I’m thinking it is just them being stupid.
Tags: 401k Plans, 403b Plans, Retirement Plan
Posted in Investing | 4 Comments »
Posted March 16th, 2009
by admin
asked: My company stopped matching 401k plans and many people are upset. The company claims that they are financially strong so why cut something like this? Does this mean they don’t care about their employees?
Tags: 401k Plans, Cut Something, Many People
Posted in Investing | 4 Comments »
Posted February 24th, 2009
by admin
Concerned asked:
My husband has been out of work and we have separate 401k plans but need to take a lump sum from his plan to help with the bills or we won’t have a place to live.
1. How long does this process take?
2. We want to opt for the 10% and 20% tax and penalty to be taken out before the disbursement. Will we be taxed or penalized again on it when we file our taxes?
Tags: 401k Plans, Disbursement, Lump Sum
Posted in United States | 4 Comments »
Posted January 25th, 2009
by admin
axiomflash asked:
The limit for a Traditional 401k is $15,500/year, and the limit for a ROTH 401k is $4000/year. However, this year I put $3000 in my Traditional, and $1500 in my ROTH 401K, and Turbotax says I am over my legal limit. There seems to be a conflict in the tax code, so I must be misunderstanding something. Even my payroller and retirement account company are confused.
Tags: 401k Plans, Maximum, Misunderstanding
Posted in Personal Finance | 3 Comments »
