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 March 16th, 2009
by admin
Rick M asked:
I deposited a check from a 401k that I was changing and they took out taxes. Will I get penalized for receiving the check and then depositing it into another 401k account even though they already took out the taxes?
Tags: 401k Account, Taxes
Posted in United States | 8 Comments »
Posted February 27th, 2009
by admin
dlkendra asked:
If I have a rollover 401k that has decreased in value from $17,000 to $11,000, and I withdraw the balance, how will the capital losses be considered when taxes and penalties are charged?
Tags: Rollover 401k, Taxes, Withdrawl
Posted in United States | 2 Comments »
Posted February 18th, 2009
by admin
kydadoflouisville asked:
I recently got divorced. I have to sign over 1/2 of my 401k to her. I am thinking of asking her to buy her out less any taxes she would have been charged. What percentage is taken out of a 401k when removed. I am trying to think of an offer to give her. The 401k is not alot. (24,000) She gets 12k. Any Ideas?
Tags: 401k, Alot, Taxes
Posted in United States | 6 Comments »
Posted January 26th, 2009
by admin
Marcus N asked:
I want to buy some mutual funds now but I remember hearing something about taxes mutual funds pay. So I will get hit with that bill right? Is there a better or worse time of year to buy mutual funds?
Tags: Best Time, Mutual Funds, Taxes
Posted in Investing | 7 Comments »
Posted January 26th, 2009
by admin
Bob F asked: I am purchasing my first home and need to sell several of my mutual funds for the down payment. Unfortunately, I am going to take a big hit when I have to pay the capital gains tax from the sale of the mutual funds.
Is there any way that I can apply these capital gains towards the down payment of the new house to decrease my taxes? If not, are there any other suggestions to decrease my capital gains tax?
Frankly, having my mutual funds do well enough to require capital gains tax is not a bad problem to have. It means they have done well over the past few years. I just want to know if I can do anything to improve my tax situation.
Tags: Capital Gains Tax, Mutual Funds, Taxes
Posted in United States | 4 Comments »
Posted January 25th, 2009
by admin
soulravah asked: ………..
I have money invested in my 401K.
If I get fired from work, what kind of taxes will I owe if I need to access my 401K for funds, while looking for a new job?
Thanks!
Tags: Looking For A New Job, Taxes, Work Money
Posted in United States | 4 Comments »
Posted January 14th, 2009
by admin
Roxy asked:
My ex husband owes back child support and if/when he files his taxes and gets a refund the money comes to me and my girls…will they get his incentive money since he is thousands behind in child support? Is there a way to check on this and make sure my girls get his money? Thank ya’ll so much!
Tags: Girls, Tax Return, Taxes
Posted in United States | 3 Comments »
