Posted August 25th, 2010
by admin
frxa asked: i have a retiment account with merryl and i just keep hearing about all their problems. does anyone know if i will take a hit over that? also should i cash out and get hit with the taxes?
Tags: 401k, Merryl Lynch, Taxes
Posted in Personal Finance | 3 Comments »
Posted August 25th, 2010
by admin
juristicone asked: I am looking for tax ramifications or alternatives to doing the aforementioned.
Tags: 401k, Tax Ramifications
Posted in Personal Finance | 4 Comments »
Posted August 25th, 2010
by admin
JOHN B asked: We have a hearing next month for an overpayment the SSDI says my husband has and I need to know if the goverment (SSDI) can take our money from the 401k or if they can make us live off our 401k and take our wages? I haven’t been able to find anything online at all about this. Thanks for any help!
Tags: 401k, Ssdi, Wages
Posted in Personal Finance | 5 Comments »
Posted August 25th, 2010
by admin
vikkmathis asked: I was recently fired from my job and wish to transfer my 401K over to the company I’m now working for. The rep. I spoke with said I would not be able to do this because the company I use to work for still have me listed as active. I was told that until they remove me from their payroll I couldn’t do anything with my 401. The thing is I’ve been away from this company for nearly a month now and they still haven’t removed me from their payroll. Who do I need to call to make them get off their A$$ and do their job?
Tags: 401k, Job, Payroll
Posted in Personal Finance | 6 Comments »
Posted February 15th, 2010
by admin
Pablo asked: I would like to withdraw funds to purchase and investment property from my 401k. the 401K is with an old employer. What is the best way to get the funds without being penalized or paying taxes? Someone told me to transfer to an IRA account. Is that true?
OK, I am 35 and married.
Tags: 401k, Investment Property, Ira Account
Posted in Personal Finance | 4 Comments »
Posted July 7th, 2009
by admin
shizog4 asked:
I have a 401k from a place i worked at 2 years ago. I since have gone back to school and am aiming at my master, possibly doctorate. I am 24 and live in south florida. My 401k has $2841.28 currently. What would i get back if i closed it and took my money? How would i got about getting it?
I need the money because my gorlfriend and i decided to buy a townhouse and i need money for the down payment. I would keep it in but i desperately need the money.
Tags: 401k, Need Money, South Florida
Posted in Personal Finance | 5 Comments »
Posted July 7th, 2009
by admin
That One Guy asked: I’m 23 years old, and currently have 100% of my 401k in stock-based mutual funds. I’m worried that if the market comes down, I’ll be out a sizable chunk of my retirement money if all of it is in stocks/mutual funds.
My plan offers a few highly-rated bond funds. Would having a bond fund help bear-proof my portfolio a little?
If you think it wouldn’t be a bad idea for me to add a bond fund, what percentage of my contributions should be going into it?
Thanks for any insight you can give!
Tags: 401k, Portfolio, Stock
Posted in Personal Finance | 4 Comments »
Posted July 7th, 2009
by admin
massomia asked:
I’m planning to quit my job, roll over a 401k, is it better to take a loan while still employed, roll over to another account after separation and take a disbursement? which way saves me money?
Tags: 401k, Lump Sum, Quit My Job
Posted in Personal Finance | 5 Comments »
Posted May 31st, 2009
by admin
MominOhio asked:
I am in my early 40s and have watched my 401k drop by about 40%. What’s a good rule of thumb when looking at your 401k balance? How much money should you have saved by your early 40s?
Tags: 401k, How Much Money, Rule Of Thumb
Posted in Personal Finance | No Comments »
Posted May 31st, 2009
by admin
boo’sworld asked:
I have a 401k from the job I just left. I want to start a small business. How can I use a portion of this to start up my business and not pay a fortune in taxes, as well as reinvesting the rest in a rollover IRA?
Tags: 401k, Rollover Ira, Startup Funds
Posted in Personal Finance | 2 Comments »
